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   186

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

Monetha is about to release first version of its wallet app

Monetha's MVP to be released on March 21 exclusively for MTH holders in order to make a significant step towards fully working decentralized trust and reputation system
23 March 2018   72

Starting from March 31 all of MTH token holders will gain exclusive access to Monetha wallet app - the MVP of the project. The release is considered to be Beta release, and approximately 10,500 of the users of the platform will become the first to test out the product. The app will be available on both iOS and Android.

The wallet itself is based on smart contracts and features

  • making/solving claims;
  • rating merchants;
  • writing reviews;
  • review of purchase history;
  • see clients' and merchants' trust ratings

The integration with Monetha through the app will allow merchants to accept Ethereum based tokens as a payment and then easily convert cryptocurrency into fiat currency. Monetha's mission is 'to develop and deploy the best transaction system that would be based on enforceable contracts without third party between consumer and merchants and a strong decentralised reputation management system'. Its solution is going to be universal, transparent, self-executing and transferable.

To the moment of the publication, Monetha's market parameters are as follows:

Average price: $0.102597

Market cap: $22,274,083

Volume (24): $435,208