Tourism on a blockchain comes to life in Dubai

As part of a special 'Dubai 10x' project the city wants to put innovations into its tourism business
03 March 2018   899

Today, on March 3 Dubai has announced a unique project for tourism area - a Tourism Blockchain Marketplace. As the blockchain goes, such implementation will grant transparency and reactivity to the segment. All tourist organizations will be connected in a single decentralized network thus allowing clients to see realtime prices and choices when planning a trip across all of Dubai. In a way, the blockchain platform will equalize the market players by giving smaller tourist organizations direct access to the aforementioned platform.

Going beyond providing broader access to the global consumer, and opening up the domestic travel industry to new participants and innovative start-ups into the ecosystem – thus delivering value to Dubai in terms of higher and faster visitor conversion, and greater GDP impact.

 

Excerpt from Dubai Department of Tourism press release

The initiative will be set in close cooperation and communication with the government, allowing the regulators to confirm the compliance. On a side note, Dubai has already implemented blockchain into Dubai Land Department that commemorated the world's first government entity to rely completely on the blockchain.

Dubai 10x project will usher in a new phase of development for government services by transforming a whole host of innovative ideas into reality.

 

Helal Saeed Almarri

Director general, Dubai Tourism

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   114

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."