Dubai to launch blockchain-based solution for travel industry | EconoTimes

Dubai Tourism (DTCM) has announced its plans to launch a blockchain-based virtual market system for the travel industry.

Part of Dubai’s 10X initiative, the initiative is aimed at democratizing travel through the use of cutting-edge technologies. It will enable Dubai to enhance distribution of its tourism inventory through a future-proofed virtual B2B (business-to-business) marketplace for the travel industry.

DTCM is going to implement the project within the next 24 months. The first phase will see the addition of an additional distribution channel for hotels.

According to Arabian Business, the project will focus on developing a blockchain solution with smart contracting across multiple parties involved in the tourism industry. By providing transparent pricing, it will enable travelers to create more tailored journeys.

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Dubai to launch blockchain-based solution for travel industry – EconoTimes.