Dubai is opening the Blockchain-based marketplace for the tourism sector. The news was made by local news bulletin Arabian Business.

It is reported that Dubai has set up a touristic marketplace for businesses from virtual trading using Blockchain technology to be 10 years ahead of other world cities.

Over the next two years, he will link all tourism organizations participating in "trip planning" via Blockchain.

It also plans to make the registration of guests transparent, adding "real-time" pricing and the opportunity to choose Dubai's tourist inventory.

Dubai brings a new breath to the tourism sector

The press release of the Dubai Tourism Ministry describes this new tourist initiative as follows:

We want to provide broader access to global consumers. We plan to attract more and faster visitors to Dubai by opening the domestic travel industry to new entrants and innovative new entrants.

According to the Arabian Business, the Blockchain marketplace initiative will provide equal opportunity for attracting tourists to small businesses and increasing employment.

Tourism General Manager Helal Saeed Almarri said that the Dubai 10x project will launch a "new phase of development for state services" by turning it into a series of innovative ideas.

Arabian Business said that Dubai will continue to communicate with government observers while implementing a new initiative on tourism.

At the end of February 2018, Dubai's Roads and Transport Authority (RTA) announced its own plan for a Blockchain-based system to track the life cycle of a vehicle in 2020. It was also part of the Dubai 10x initiative.

While Dubai hoped to become the first Blockchain-government by 2020, Dubai and the United Arab Emirates (BAE) continued to warn of regulatory warnings about cryptographic currencies and ICO-related risks in the fall of last year.