• Sat, 24 Aug 2019, 08:07 PM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Russia's Yugra partners with Universa Blockchain to launch future-oriented tourism platform

Mon, 10 Jun 2019, 08:46 am UTC

Universa Blockchain and the Khanty-Mansi Autonomous Okrug - Yugra, a federal subject of Russia, have collaborated to launch a blockchain-based, future-oriented tourism platform.

As per the press release, Universa Blockchain, a blockchain protocol for business and apps, will allow tracking public spending and investment, as well as generating automatic reports, to ensure transparency.

Using the platform, the money will reportedly be tagged using a distributed ledger technology, making sure that the government funds will not be mishandled. The move aims to lure more investors in the region.

In addition, the startup will also develop a platform that supports multiple languages, with an ultimate aim to connect different field players, including suppliers, transportation firms, accommodation and catering companies, small and medium enterprises, investors, and tourists themselves, into one tourism ecosystem.

The platform is aimed at designing and promoting tourist routes, hospitality and tourism facility in the region, monitoring the activities of tourist companies and accumulating a “pool of data” that will help identify problem spots and ways to expand tourist flows,” the announcement stated.

Meanwhile, Russia’s third-largest food retail network Dixy has tapped another Russian blockchain startup Factorin to incorporate blockchain technology to its corporate finance system. The Ethereum-based platform will enable Dixy’s suppliers to receive payments within one business day instead of the usual 2 weeks.

Russia’s Nornickel, the world’s biggest palladium producer, has teamed up with IBM and Moscow Institute of Physics and Technology (MIPT) to build a Competence Center to conduct an educational training program on blockchain technology.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $10,110.30 (-2.83%)
  • Ethereum (ETH) $189.93 (-2.21%)
  • XRP (XRP) $0.273200 (-1.14%)
  • Bitcoin Cash (BCH) $307.15 (-1.90%)
  • Litecoin (LTC) $73.40 (-2.46%)
  • Bitcoin (BTC) $10,110.30 (-2.83%)
Aug 23, 2019 (Friday)
Stablecoin project Terra receives funding from HashKey Capital
Three of the founding members of Libra Association consider backing out: Report
Overstock's Patrick Byrne steps down as CEO
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
BitGo announces support for multi-signature EOS wallet and custody services
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
Crypto exchange Coincheck mulls launching IEO Platform
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Sierra Leone launches blockchain-based National Digital Identity Platform
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.