3rd International Thematic Monograph – Modern Management Tools and Economy of Tourism Sector in Present Era

BLOCKCHAIN AND TOURISM DEVELOPMENT: CASE OF MALTA

Zoran Ćirić, Associate Professor, PhD 
University of Novi Sad, Faculty of Economics Subotica, Segedinski put 9-11, Subotica, Serbia
Stojan Ivanišević, Phd Student
JKP Informatika Novi Sad, Bulevar cara Lazara 3, Novi Sad, Serbia

DOI:   ​​​​https://doi.org/10.31410/tmt.2018.565

3rd International Thematic Monograph – Thematic Proceedings:  Modern Management Tools and Economy of Tourism Sector in Present Era, Belgrade, 2018,   Published by:  Association of Economists and Managers of the Balkans in cooperation with the Faculty of Tourism and Hospitality, Ohrid, Macedonia;   ISBN 978-86-80194-14-1;   Editors:   Vuk Bevanda, associate professor, Faculty of Business Studies, Megatrend University, Belgrade, Serbia;   Snežana Štetić, full time professor, The College of Tourism, Belgrade, Serbia
Abstract: Over the last two years, the advent of new technology has brought about the emergence of
blockchain friendly cities and tourist destinations. Various cities and countries developed technology-
based solutions to serve the common good that is effective and efficient. The two cities or rather
called city-stated that are perceived as most blockchain friendly destinations are Malta (La Valetta)
and Singapore. These two destinations widely adopted blockchain technologies and become a hub for
blockchain enterprises and researchers. Accordingly, blockchain tourism has emerged over the past
two years as a subset of tourism development. Malta adopted a highly positive and simulative environment
for the blockchain based companies and attracted a significant number of business entities
working with blockchain followed by capital investments, business people, researchers, and experts.
The objective of this paper is to identify best practices related to Malta blockchain strategy and its relationship
to the sustainable tourism development in order to identify key dimensions for the sustainable
growth of this sort of the tourism while highlighting key resources and challenges.

Keywords: Blockchain, tourism, Blockchain legislation, cryptocurrency, sustainable development.​

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