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   391

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

7 Accounts blocked by EOS BP without Going an Arbitration

EOS is facing another issue just days after its mainnet activation, as the newly elected block producers have frozen 7 EOS accounts on suspicion of being stolen
19 June 2018   49

The backlash began as the block producers did go over arbitration, an integral part of the EOS’s governance system. The critics are certainly questioning the credibility of the project. Jackson Palmer, the creator of Dogecoin and a well-known person in the blockchain industry, questioned the very governance process constructed by EOS and the role of EOS Core Arbitration Forum (ECAF).

The structure of EOS’s governance has been parted into 3 distinct groups - block producers, arbiters, and token holders. This separation resembles the executive, constituency, and judicial, of any governed system respectively. 

On 17 June 2018, the top 21 Block Producers unanimously agreed to protect property that may have been compromised through phishing attacks or other scams where member’s private keys were compromised. The EOS911 initiative was created by EOS42 as a way to prevent victims of private key theft from having their tokens lost once the 72-hour unstacking period ended following the EOS Mainnet Launch. Once that period ended, the thieves would be free to transfer the tokens wherever they’d like, rendering futile any recourse available to the community at this time.
EOS New York, in their recent post

So, in this case, the block producers did not go with the arbitration, rather they only conferred with them. Then the post added:

Foreseeing the process that would be required to act, EOS New York, on a call with BPs and BPCs, requested an expedited review of the merits of the case from ECAF (EOS Core Arbitration Forum) who was also on the call. The idea was that if ECAF found merit in the evidence provided, a formal ruling from ECAF would ask the BPs to “freeze” the accounts in question until such time that a thorough and formal review of the claims could be completed.
EOS New York, in their recent post

This is not the first problem EOS is facing amid its mainnet activation, as within 48 hours of that, the network suspended because of some bug. Though the error only led to a 5-hour network blackout, that is surely not something the team would have expected.