Dubai is going to launch a Tourism Industry BlockChain Marketplace. This Marketplace will be virtual business to business tourism specific marketplace that uses BlockChain Technology. It will be part of Dubai 10x initiative – which means to be 10 years ahead of other world cities. The Tourism Industry BlockChain Marketplace will be additional distribution channel that hotels can use. This channel would connect tourist organisations that are involved in planning a trip. The connection would be initiated over BlockChain. For Tourist it would mean transparent, real-time pricing and choice in the tourist inventory of Dubai.
What use would it have exactly? – Tourism Industry BlockChain Marketplace
This BlockChain Marketplace initiative would allow smaller organisations better opportunities to attract tourists. the Marketplace would also increase employment Dubai Tourism industry.
10x project – Tourism Industry BlockChain Marketplace
The 10x project is considered to be a next phase of development for Government services. The 10x project will transform many innovative ideas into reality. Dubai Tourism BlockChain Marketplace will maintain communication with government regulators while implementing new innovative ideas.
Dubai’s Roads and Transportation authority is said to release a BlockChain based system that tracks the lifecycle of vehicles. This is also part of the 10x initiative.
Although Dubai hopes to be the first BlockChain government by 2020, Dubai with United Arab Emirates released a regulatory warnings related to the dangers of CryptoCurrencies and initial Coins Offerings or ICO‘s. This all due to the anonymous nature of Crypto and potential use of crypto for criminal purposes.
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08.03.2018 – EqEST