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To Mark Pascall, co-founder of BlockchainLabs New Zealand (NZ) and president of the Blockchain Association NZ, the blockchain space is more than just a new technology layer, it’s a “fundamentally different way for organizations and societies to operate.”
It represents a historical reversal of the movement toward an evermore centralized society.
“The major problem is that without mass decentralization, we get a bigger and bigger wealth disparity between the rich and the poor,” Pascall said in an interview with Bitcoin Magazine.
Dubai continues to lead the way in adopting blockchain technology, as the city seeks to keep itself 10 years ahead of the rest of the world.
Dubai has officially announced its intention to democratize tourism by creating a virtual business-to-business marketplace for the travel industry, with an additional distribution channel for hotels within two years.
According to Arabian Business, tourism chiefs in the United Arab Emirates’ largest and most populous city hope to provide tourists from around the globe with a plethora of choices from the local tourism industry by utilizing the blockchain’s safe, transparent, and instantaneous environment. A statement by Dubai tourism chiefs explains:
