Blockchain Will Seriously Change Tourism Industry, Russia’s Federal Agency for Tourism 

Blockchain Will Seriously Change Tourism Industry, Russia’s Federal Agency for Tourism 

 

On November 3, the head of Russia’s Federal Agency for Tourism Oleg Safonov claimed at the Kazan Tourism Forum 2017 that blockchain technology will seriously change the tourism market in the coming 5-10 years.

According to the Russian News Agency TASS report, he stated “We are absolutely convinced in our federal agency that blockchain will seriously change the tourism market, although, in our opinion, it will happen not in two years but in 5-10 years.”

Safonov stated that blockchain can be used to improve the quality of services for tourists. It allows tourists to work directly with service providers, removing all the intermediaries. As a result, this makes the product better in quality, less expensive and also increases the provider’s responsibility for the product.

On the other hand, while Russia is inhibiting the use of cryptocurrency, it seems to have a positive attitude towards blockchain technology. As reported earlier, the officials foresee that blockchain technologies will find broad use in state administration in the short term.