Russian tourism official speaks about blockchain technology for transforming tourism

Published on : Wednesday, November 8, 2017

blockchain technologyOleg Safonov, the head of Russia’s Federal Agency for Tourism, has predicted that the blockchain technology has the solution in transforming the country’s tourism market.

Safonov said that the tourism industry is on the verge of a makeover from new promising technologies, blockchain in particular. He argued that the technology could be used to improve the quality of services for tourists.

Safanov explained that new technologies like blockchain will allow tourists to work directly with service providers, thus getting rid of the need for intermediaries.

“This makes the product better in quality, less expensive and also increases the provider’s responsibility for the product,” Safanov said.

Russia looks positively on blockchain technology being cautious about crypto currency trading in the country,

Last month, the government announced plans to test a blockchain-based land registry system early next year. The Russian government said that the tech could see “broad use” in state administration.


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