Russian territory partnering with Universa for blockchain tourism platform

The Russian territory of Yugra is looking into a tourist platform that’s based on blockchain technology, according to the Tass publication and reported via CoinTelegraph.

Increasing tourism numbers

This news comes to us from Roman Genkel, general director of the development fund at the St. Petersburg International Economic Forum. There, he spoke on the platform and its goals, alongside revealing that they’re launching the tourist platform with Universa, a blockchain startup.

Essentially, the projects will work together to help “identify problem spots and ways to expand tourist flows” within the market, according to a blog post. Furthermore, they’ll develop the following:

“A multi-language communication platform will also be developed, which will combine all players in the tourism market into a single digital ecosystem: suppliers of tourist products and services (regional, nationwide providers, and importers), transportation companies delivering the tourists, accommodation and catering facilities, small and medium enterprises providing services in adjacent areas, investors, business support foundations, and finally tourists heading for their vacations in the region.”

Overall, the goal is to maintain tourist companies, aggregate data, and find solutions to bring in even more tourists.

Universa head Alexander Borodich was also at the event, and the two publicly signed an agreement to work together. Borodich’s platform is meant to manage the funds of participating companies, while the transparency of the technology will help ensure the funds are heading to the right place.

A lot of the process will be automated, from spending to balance reports, ensuring investors some stability and, in a way, some control.

This platform is also an answer to the recent President’s Decree 204 from last year, a plan to create “a pilot area for intellectual digital technologies and services, integrating digital technologies in the government operational practices, and usage of domestic information and communication technologies by the Russian authorities.”

Overall, it’s a solid step in the right direction in terms of integrating future technologies into the current space. If you’re looking to get involved in such an area, check out our guide on buying cryptocurrencies.

Read more: 

• Putin Wants Crypto Regulation In Russia Instead Of A Proposed Outright Ban