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| Supply: Beowulf Blockchain Beowulf Blockchain

SINGAPORE, Dec. 10, 2021 (GLOBE NEWSWIRE) — Beowulf Blockchain, (Beowulf) the worldwide chief in decentralized communications and knowledge cloud community, and Crystal Bay Group (CBG), a widely known chief in tourism growth and actual property in Vietnam, introduced at present a brand new partnership to create a web based NFT Market for lodge stays and travel-related merchandise. This partnership is underpinned by the joint imaginative and prescient of Beowulf and the CBG to facilitate high-powered know-how initiatives towards constructing the following technology of the web journey market on the blockchain as a way to serve vacationers throughout the globe even higher at lowered prices.
As vacationers are persevering with to take care of the seismic challenges arising from the COVID-19 pandemic resembling surprising lock-downs, delays, or complicated procedural processes on the airports, the necessity for the following technology of on-line journey market has change into the rocket gas for the societal transformation of tourism; this enables for the flexibleness for vacationers internationally to commerce of their booked journeys (together with bookings for airline tickets, transportation, and lodge rooms) as a way to get better their price and even make revenue on the web market with open transparency, velocity, and forex flexibility. That is precisely what this joint partnership will ship: by tokenizing every lodge night time, airbnb’s kind of rental homes, and travel-related merchandise by way of NFT, and permitting the buying and selling of those tokens on {the marketplace} constructed on blockchain. Vacationers who can’t make it to a lodge or airbnb’s leases to make use of their reserving can re-sell their NFT tokens on {the marketplace} to get better the price and even to make a revenue. Journey firms or retail traders can guide lodge rooms upfront at an affordable fee, and re-sell them to those that want them for a revenue. This flexibility, together with a loyalty program run on Beowulf’s and alternate, will carry true worth to vacationers on a world scale.  
“CBG is dedicated to figuring out companions with a like-minded imaginative and prescient to harness know-how and implement a holistic method as a way to put all facets of tourism right into a single however decentralized place that brings true advantages to vacationers, journey firms and retail traders (for journey merchandise),” mentioned Mr. Trung Nguyen, Director of CBG. “Because of this, the following technology of journey market wants strategic know-how companions, like Beowulf, to supply the proper structure, together with the proper experience to serve vacationers even higher and extra intelligently. With about 2 billion USD in property and thru managing about 50,000 rooms throughout 450 accommodations in Vietnam, {the marketplace} constructed along with Beowulf will assist handle this colossal reserving work extra effectively whereas delivering true worth to our present and future prospects. It should absolutely foster an thrilling new period of tourism.”
“We’re happy to associate with CBG,” mentioned Dr. William H. Nguyen, Founding father of Beowulf. “With our experience in blockchain know-how, the decentralized cloud infrastructure for knowledge and communication companies, and an entire ecosystem together with the digital asset alternate DeFiato, we are able to deploy the NFT market for CBG’s prospects shortly, whereas serving to CBG to broaden the market globally. The prospect of enjoying the function of the disruptor as a way to assist to basically remodel the panorama for tourism is a big motivator. The technological advances on the coronary heart of Beowulf Blockchain can assist to deal with widespread inefficiencies and operational challenges within the implementation of tourism.”
About Beowulf Blockchain
Beowulf is a B2B decentralized cloud community for knowledge and communication companies. Beowulf is thought for its publicly-run decentralized blockchain. The Beowulf supercomputer is constructed by integrating obtainable computing assets contributed by people all through the globe. Extra data may be discovered right here:
About Crystal Bay Group
The Crystal Bay group is a number one actual property growth firm for tourism in Vietnam. It has 2 billion USD in property with resorts throughout Khanh Hoa, Ninh Thuan, Quang Ninh, Lam Dong, Binh Dinh, Binh Thuan provinces. As well as, it manages and companions with 450 main accommodations in Vietnam ( Extra data may be discovered right here:
For media contact:
Dr. William H. Nguyen
Associated Pictures

Image 1: The Partnership Signing Ceremony

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