Glimpsing backward and forward, Fox World Travel chief information officer Sam Hilgendorf offers a primer on how self-sovereign identification works and a description of how it will impact business travel. When was the last time you felt in full control of your identity and personal information? For me, it was around 1997. I had my…
U.S. Bancorp’s acquisition of expense management software builder and travel agency TravelBank culminates a series of investments to build integrated business software and services, accelerate midmarket demand for banking and payments, and fend off financial technology firms. Banks traditionally picked up small business clients through lending and banking, but a digital revolution has changed that,…
People share a lot of personal information through digital channels, and the entities they interact with access more of it than they need. Individuals have little control over the transmission of their data and who gets what. The concept of a decentralized, self-sovereign identity fixes that while addressing cybersecurity and streamlining processes. A self-sovereign identity…
Blockchain is a big deal for EY, so that means it’s a big deal for EY’s travel department. The professional services firm, one of BTN’s top-ten spenders on corporate travel in the United States, will test distributed ledger technology for contract support with an unnamed airline. During a BTN Group-hosted webinar sponsored by the International…
Steve Singh of Concur fame is back in corporate travel as chair of a Bay Area startup called Spotnana, which is due to reveal itself this week. Also involved are entrepreneur and travel risk management veteran Johnny Thorsen, travel management company disruptor Sarosh Waghmar and former SAP Concur sales executive Bill Tillman. In response to…
A startup that checks some of the buzzy boxes is looking to create a business travel marketplace without much of the traditional distribution infrastructure. TravelBloc will target the unmanaged and small and medium-sized business segments. It plans to enlist travel management companies for support and use a global distribution system, but direct connections to airlines…
Fabrice Lumineau is professor of strategic management at the University of Hong Kong. Wenqian Wang is a Ph.D. student of strategic management at Purdue University. Oliver Schilke is an associate professor of management and organizations at the University of Arizona. Laura Huang is an associate professor of business administration at Harvard Business School. Their article…
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