Blockchain Platform For Travel Industry Planned By Dubai Tourism

News | March 5, 2018 By:

Dubai Tourism (DTCM) is creating a virtual business-to-business (B2B) blockchain marketplace for the travel industry.

The marketplace is part of Dubai’s 10X initiative promoted by the government. The initiative aims to position Dubai government entities 10 years ahead of the rest of the world in all sectors, propelling the emirate into the future by implementing today what other cities around the world will be implementing 10 years from now.

The Dubai Tourism blockchain marketplace is aimed at democratizing travel through the use of cutting-edge technologies. DTCM plans to add an “additional distribution channel for hotels” in the next two years, connecting via blockchain all tourist organizations involved in planning a trip, giving guests transparent, “real time” pricing and choice in Dubai’s tourist inventory.

“We at Dubai Tourism are determined to carve a reputation as global leaders in tourism innovation, exponentially accelerating our ‘digital, mobile and social’ first strategy,” said Dubai Tourism Helal director general Saeed Almarri. “Today travel is undergoing one of the most emphatic sectoral transformations due to the radical pace of technological disruption across every aspect of the consumer journey.”

Dubai Tourism said it will be in close contact with all relevant regulatory authorities in Dubai and partners across government entities.

Last year, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, said that the innovative model reflects the creative potential of the nation. The main intention of 10X initiative is to develop government services by transforming a lot of innovative ideas into reality.

Recently, the Road and Transportation Authority (RTA) of Dubai revealed plans to create a vehicle lifecycle management system using blockchain technology as part of the Dubai 10X initiative. The goal is to enhance the customer experience by providing the complete history of a vehicle – from the manufacturer to the scrap yard.