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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 information cloud community, and Crystal Bay Group (CBG), a widely known chief in tourism growth and actual property in Vietnam, introduced at this time 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 expertise initiatives towards constructing the following technology of the web journey market on the blockchain in an effort to serve vacationers throughout the globe even higher at lowered prices.
As vacationers are persevering with to cope with the seismic challenges arising from the COVID-19 pandemic akin to surprising lock-downs, delays, or advanced procedural processes on the airports, the necessity for the following technology of on-line journey market has turn into the rocket gasoline for the societal transformation of tourism; this enables for the pliability for vacationers internationally to commerce of their booked journeys (together with bookings for airline tickets, transportation, and lodge rooms) in an effort to get well their value and even make revenue on the web market with open transparency, velocity, and foreign money flexibility. That is precisely what this joint partnership will ship: by tokenizing every lodge evening, airbnb’s sort 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 not 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 well the price and even to make a revenue. Journey firms or retail traders can e book lodge rooms upfront at an inexpensive 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 change, will convey true worth to vacationers on a worldwide scale.  
“CBG is dedicated to figuring out companions with a like-minded imaginative and prescient to harness expertise and implement a holistic method in an effort to put all points 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. “For that reason, the following technology of journey market wants strategic expertise companions, like Beowulf, to supply the best structure, together with the best 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 inns 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 would absolutely foster an thrilling new period of tourism.”
“We’re happy to accomplice with CBG,” mentioned Dr. William H. Nguyen, Founding father of Beowulf. “With our experience in blockchain expertise, the decentralized cloud infrastructure for information and communication providers, and an entire ecosystem together with the digital asset change DeFiato, we are able to deploy the NFT market for CBG’s prospects rapidly, whereas serving to CBG to increase the market globally. The prospect of enjoying the position of the disruptor in an effort to assist to basically remodel the panorama for tourism is a big motivator. The technological advances on the coronary heart of Beowulf Blockchain will help to deal with widespread inefficiencies and operational challenges within the implementation of tourism.”
About Beowulf Blockchain
Beowulf is a B2B decentralized cloud community for information and communication providers. Beowulf is understood for its publicly-run decentralized blockchain. The Beowulf supercomputer is constructed by integrating accessible computing assets contributed by people all through the globe. Extra info could 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 inns in Vietnam ( Extra info could be discovered right here:
For media contact:
Dr. William H. Nguyen
Electronic mail:
Associated Photos

Image 1: The Partnership Signing Ceremony

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