BLOCKCHAIN AND TOURISM DEVELOPMENT: CASE OF MALTA
BLOCKCHAIN AND TOURISM DEVELOPMENT: CASE OF MALTA

Author(s): Zoran Ćirić, Stojan Ivanišević
Subject(s): Economy, National Economy, Tourism
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Blockchain;tourism;Blockchain legislation;cryptocurrency;sustainable development;
Summary/Abstract: Over the last two years, the advent of new technology has brought about the emergence of blockchain friendly cities and tourist destinations. Various cities and countries developed technology-based solutions to serve the common good that is effective and efficient. The two cities or rathercalled city-stated that are perceived as most blockchain friendly destinations are Malta (La Valetta)and Singapore. These two destinations widely adopted blockchain technologies and become a hub forblockchain enterprises and researchers. Accordingly, blockchain tourism has emerged over the pasttwo years as a subset of tourism development. Malta adopted a highly positive and simulative environmentfor the blockchain based companies and attracted a significant number of business entitiesworking with blockchain followed by capital investments, business people, researchers, and experts.The objective of this paper is to identify best practices related to Malta blockchain strategy and its relationshipto the sustainable tourism development in order to identify key dimensions for the sustainablegrowth of this sort of the tourism while highlighting key resources and challenges.

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