Governments and businesses are looking for different ways to maximize the benefits of blockchain technology. Dubai announced the creation of a virtual business platform for business (B2B) in the field of travel. This is part of the plan for Dubai's initiative 10X, promoted by the government.
Dubai Blockchain Technology Center
The main goal of the project is to add an additional sales channel for hotels. The first stage of the project is ready for testing. Tourism executives commented that Dubai is trying to give travelers a direct choice in the local tourism market.
"Dubai is positioning itself as an analytical center and an innovative leader seeking to truly democratize travel," the statement said.
The initiative is to provide a solution through a blockchain with smart contracts between the various parties involved in choosing a trip route. Prices will be much more transparent, allowing travelers to choose more suitable trips for them and their families or friends.
At the same time, the market allows smaller enterprises to participate side by side with larger ones. This means that even smaller players in the industry will have the same opportunities to attract customers. Moreover, more companies that were previously excluded from the market will now be able to participate and offer their offers. This will increase the number of employees and economic activity.
Helal Said Almarri, CEO of Dubai Tourism, commented:
"We at Dubai Tourism decided to win the reputation of world leaders in innovation in tourism, which greatly accelerates our" digital, mobile and social "strategy. Today, the journey is undergoing one of the most decisive sectoral transformations due to radical changes in technological solutions in all aspects of the consumer path. "
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum explained during the launch of the 10X project that the innovative model reflects the creative potential of the nation. The main goal is to develop public services, turning them into innovative ideas.
Tourism in Dubai will be in close contact with all regulatory bodies. Recall that Dubai is very democratic and applies to crypto-currencies, recently in Dubai sold 50 objects real estate for Bitcoin.
Author: Yevgeny Yakubenko, Analyst Freedman Club Crypto News
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