Blockchain Analysis In Tourism Industry Of Tatarstan, Russia

Hugo Bautista ,
Marat Rafaelevich Mustafin ,
Alfiya Alvertovna Zinovieva

Abstract

The article considers the prospects for the development of digital technologies in tourism domain. Today it is widely discussed not only in the world of finance. There are already attempts to apply blockchain for storing and processing personal data and identification in marketing and computer games. The article presents a SWOT analysis to study the impact of blockchain and cryptocurrencies on the tourism and hospitality industry, such as travel and tourism revenues in the Republic of Tatarstan. The obtained results show that e-commerce can both attract domestic and international tourism and reduce the exchange rate barrier for foreign tourists. In addition, we have received up-to-date information concerning the world situation and the potential of Tatarstan and the Russian Federation. In terms of the financial crisis, capital control is an important macroeconomic measure that a country can use to prevent and mitigate the financial crisis. Further we need to look at blockchain and cryptocurrency trends in the travel and hospitality industry after the pandemic.

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About this article

Publication Date

29 November 2021

Article Doi

https://doi.org/10.15405/epsbs.2021.11.246

eBook ISBN

978-1-80296-116-4

Publisher

European Publisher

Volume

117

Print ISBN (optional)

-

Edition Number

1st Edition

Pages

1-2730

Subjects

Cultural development, technological development, socio-political transformations, globalization

Cite this article as:

Bautista, H., Mustafin, M. R., & Zinovieva, A. A. (2021). Blockchain Analysis In Tourism Industry Of Tatarstan, Russia. In D. K. Bataev, S. A. Gapurov, A. D. Osmaev, V. K. Akaev, L. M. Idigova, M. R. Ovhadov, A. R. Salgiriev, & M. M. Betilmerzaeva (Eds.), Social and Cultural Transformations in The Context of Modern Globalism, vol 117. European Proceedings of Social and Behavioural Sciences (pp. 1870-1876). European Publisher. https://doi.org/10.15405/epsbs.2021.11.246

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