According to a report by the Arab Business Journal on March 3, Dubai is using blockchain technology to launch a virtual business-to-business travel market as part of the “Dubai 10x†program, which is “leading 10 years ahead of the rest of the worldâ€. ".
The Dubai Tourism Blockchain market plans to add a “hotel additional distribution channel†over the next two years to connect all travel organizations involved in planning travel through the blockchain, providing guests with transparent “real-time†pricing and choices in the Dubai Travel Directory.
The Dubai Tourism Board's press release introduces this new travel plan:
“In addition to providing a wider range of access to consumers around the world, it also opens up domestic tourism to new players and innovative start-ups involved in the ecosystem, resulting in higher and faster visitor conversion rates and greater GDP impact. The aspect brings value to Dubai."
According to Arab business organizations, the tourism blockchain market plan will allow smaller organizations to equalize opportunities to attract tourists and increase employment opportunities throughout Dubai's tourism industry.
Dubai Tourism Director Heral Saeed Almarri said that the “Dubai 10x†project has ushered in a new phase of government service development by turning a lot of innovative ideas into reality.
The Arab Business Journal pointed out that the Dubai tourism blockchain market has indicated that it will implement new initiatives while maintaining communication with government regulators.
As of the end of February 2018, the Dubai Road Traffic Authority (RTA) has announced plans to release a blockchain-based system to track the life cycle of vehicles by 2020, as part of the “Dubai 10x†program.
Although Dubai hopes to become the first blockchain government by 2020, Dubai and the United Arab Emirates (UAE) released regulatory warnings about digital currency and initial currency product (ICO) related risks last fall, which may be encrypted due to their anonymity. Used for criminal purposes.
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