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) $8,665.46 (-0.19%)
  • Ethereum (ETH) $167.46 (+1.10%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $345.69 (+3.79%)
  • Bitcoin SV (BSV) $305.63 (+12.41%)
  • Bitcoin (BTC) $8,665.46 (-0.19%)
Jan 17, 2020 (Friday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto dealer SFOX announces new service for investors and wealth managers
Binance in talks with TaoTao and Z Corporation for strategic partnerships in Japan
Crypto Technicals: NEO/USD set to scale new highs, 200-DMA breakout confirms bullish trend
Crypto exchange Gemini launches own insurance company "Nakamoto"
eToro, Radar and OKCoin join Coinbase-led Crypto Rating Council
Huobi joins Blockchain Turkey Platform (BCTR)
U.S. authorities urged to investigate crypto use in funding domestic terrorism and extremism
Calibra, Anchorage, Bison Trails executives elected to Libra’s new technical steering committee
Crypto Technicals: LTC/USD bounces off 5-DMA support, eyes next major hurdle at 200-DMA (65.43)
U.S. lawmakers seek tax exemption for crypto transactions under $200
Former CFTC Chair launches Digital Dollar Project in partnership with Accenture
Crypto Technicals: ETH/USD resumes upside after brief pause, eyes 23.6% Fib at 174.83
Uzbekistan to launch national mining pool and licensed cryptocurrency exchange
Crypto Technicals: BTC/USD extends sideways below 200-DMA, bias bullish
Garanti BBVA conducts real-time blockchain transfers using Takasbank's BiGA Platform
Jan 16, 2020 (Thursday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Litecoin Foundation, BlockFi partner to bring more liquidity to users
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.