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Dubai Plans to Launch Blockchain Marketplace

PUBLICATIONS / Articles / 2018 / Dubai Plans to Launch Blockchain Marketplace
Dubai proves its innovative solutions once again, as it plans to become the first Blockchain-government by 2020. The new initiative is to improve the distribution of Dubai’s tourism by creating a virtual business-to-business (B2B) marketplace for its travel industry with blockchain technology.
The Dubai Tourism Blockchain Marketplace will add an extra supply channel for hotels in the next two years. This will help to connect all tourism companies involved in planning a trip, giving guests a transparent choice in Dubai’s tourist inventory. The initiative aims to deliver a sophisticated Blockchain solution with smart contracting across multiple parties involved to implement a travel itinerary. It also plans to enable the global travel sales ecosystem live access to Dubai’s growing inventory with transparent pricing, providing travellers with the ability to create more tailored journeys, with full confidence that information is authenticated, tamper-proof and hence credible.
The Tourism Blockchain Market initiative will provide small organisations equal chances to attract tourists and increase employment in Dubai tourism industry.

Dubai’s Roads and Transport Authority (RTA) also announced their plan to release a Blockchain-based system for tracking the lifecycle of a vehicle by 2020, also part of the Dubai 10X initiative.

At the moment, a Blockchain-based system is not the only trend with various conferences which indeed take places in Dubai quite often for the last year, but also the real technological solution for many industries.
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