Aruba is looking to blockchain to take power from travel monopolies and keep tourism revenue on its sandy shores. Now, the organization responsible for fostering the island's technical development, the ATECH Foundation, is looking to change that by working with Swiss startup Winding Tree on a blockchain marketplace for travel booking.
Rather than the status quo, the ATECH Foundation would like to use Winding Tree's platform, built on ethereum's public blockchain, to connect tourists directly with travel suppliers, in an effort to eliminate all the middlemen. And eliminating the third parties in tourism could be especially beneficial for smaller nations, Varelie Croes, ATECH Foundation co-founder, told CoinDesk.
"A platform like this can help countries like Aruba ... bring back some of the profits and tax it and actually keep the income at home,"
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