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Chain4Travel Launches Camino Network, a Web3 Blockchain-based Travel Ecosystem

Swiss company Chain4Travel has launched the mainnet of its Web3 travel ecosystem, Camino Network, which aims to create a blockchain-based travel infrastructure. The Camino Network is a consortium blockchain operated by a decentralized autonomous organization, comprising dozens of prominent travel industry partners, including Lufthansa, Eurowings, Hahn Air, TUI, DER Touristik, and Sunnycars.

The network provides players in the travel industry with an industry-owned blockchain that facilitates peer-to-peer business and increases opportunities for cooperation and new ideas. The ability to create and deploy decentralized apps supported by smart contracts is expected to revolutionize the travel industry.

Camino Network has received over SFR 10 million ($11.2 million) in financing and has the backing of over 120 companies.

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