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
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.
REFERENCES
[1] https://meae.gov.mt/en/Public_Consultations/OPM/Documents/PS%20FSDEI%20-%20
DLT%20Regulation%20Document%20output.pdf
[2] Sharpley, R. (2003). Rural tourism and sustainability – A Critique. In D. Hall, L. Roberts,
& M. Mitchell (Eds.), New directions in rural tourism (pp. 38–53). Aldershot: Ashgate
Publishing Limited.
[3] Pulido-Fernandez, J., & Lopez-Sanchez, Y. (2016). Are Tourists Really Willing to Pay
More for Sustainable Destinations? Sustainability, 8(12), 1240. MDPI AG. Retrieved from
http://dx.doi.org/10.3390/su8121240
[4] Dwyer, L., Edwards, D., Mistilis, N., Roman, C., Scott, N. (2009). Destination and Enterprise
Management for a Tourism Future. Tourism Management, 30(1), 63-74. DOI:
10.1016/j.tourman.2008.04.002
[5] Buckley, R. (2012) Sustainable tourism: Research and reality, Annals of Tourism Research,
Volume 39, Issue 2, 2012, pp. 528-546
[6] Zolfani, S.H., Sedaghat, M., Maknoon, R., Zavadskas, E.K., (2015) Sustainable tourism:
a comprehensive literature review on frameworks and applications, Economic Research-
Ekonomska Istraživanja, 28:1,1-30, DOI: 10.1080/1331677X.2014.995895
[7] Khan, M., Woo, M., Nam, K., Chathoth, P. (2017). Smart City and Smart Tourism: A Case
of Dubai. Sustainability, 9(12), 2279. MDPI AG. Retrieved from http://dx.doi.org/10.3390/
su9122279
[8] Liu, C. H., Tzeng, G. H., Lee, M. H., & Lee, P. Y. (2013) Improving metro–airport connection
service for tourism development: Using hybrid MCDM models, Tourism Management
Perspectives, 6, 95–107.
[9] Nakamoto, S. (2008) „Bitcoin: A Peer-to-Peer Electronic Cash System”, Bitcoin.org, 2008.
575 [Online]. Available: https://bitcoin.org/bitcoin.pdf.
[10] „Blockchain reaction: Tech companies plan for critical mass”, EY, 2016. [Online]. Available:
http://www.ey.com/Publication/vwLUAssets/ey-blockchain-reaction-tech-companies-
plan-for-critical-mass/$FILE/ey-blockchain-reaction.pdf
[11] Ivanišević, S., Ćirić, I., Ćirić, Z., (2017) Unapređenja poslovanja u realnom i državnom sektoru
kroz upotrebu „blockchain“ tehnologija, Naučni skup „Strategije razvoja i ekonomske
saradnje malih zemalja u uslovima globalizacije i regionalnih integracija”, Akademija
nauka i umjetnosti Republike Srpske (ANURS) i Srpska akademije nauka i umetnosti.
[12] https://www.ethereum.org/
[13] https://www.hyperledger.org/
[14] O’Connell, J. (2016) What Are the Use Cases for Private Blockchains? The Experts Weigh
In, Bitcoin Magazine, 2016. [Online]. Available: https://bitcoinmagazine.com/articles/
what-are-the-use-cases-for-private-blockchains-the-experts-weigh-in-1466440884/.
[15] Andrei O. J. Kwok & Sharon G. M. Koh (2018) Is blockchain technology a watershed for
tourism development? Current Issues in Tourism, DOI: 10.1080/13683500.2018.1513460
[16] https://www.ccmalta.com/news/malta-blockchain?lang=hu-HU
[17] https://www.maltachamber.org.mt/en/malta-the-jurisdiction-of-choice-for-blockchain-
businesses
[18] https://parlament.mt/media/94207/bill-43-innovative-technology-arrangements-and-services-
bill.pdf
[19] https://parlament.mt/media/94209/bill-44-virtual-financial-assets-bill.pdf
[20] https://parlament.mt/media/94210/bill-45-malta-digital-innovation-authority-bill.pdf
[21] https://www.coindesk.com/malta-passes-three-bills-on-blockchain-and-crypto-assets
[22] https://www.maltachamber.org.mt/en/blockchain-the-new-regulatory-framework
[23] https://www.mita.gov.mt/en/News/Pages/2017/Malta-aspiring-to-be-at-the-forefront-inregulating-
blockchain.aspx
[24] https://money.cnn.com/2018/07/18/technology/startups/malta-blockchain/index.html
[25] https://blockonomi.com/malta-blockchain-island/
[26] https://www.mita.gov.mt/en/News/Pages/2017/Malta-aspiring-to-be-at-the-forefront-inregulating-
blockchain.aspx
[27] https://www.bloomberg.com/news/articles/2018-09-10/blockchain-island-dream-is-calculated-
risk-says-malta-leader
[28] https://www.bloomberg.com/news/articles/2018-04-25/most-cryptocurrency-trading-
is-moving-to-malta-at-least-legally
[29] https://money.cnn.com/2018/07/18/technology/startups/malta-blockchain/index.html
[30] https://www.forbes.com/sites/sap/2018/11/15/how-to-create-a-people-first-culture-in-thedigital-
age/#2716dceac4a9
[31] https://bitsonline.com/tourism-industry-malta-bitcoin
Ćirić_ivanišević_blockchain_and_tourism_development_-_case_of_malta_pp_565-575.pdf | |
File Size: | 1668 kb |
File Type: |
Association of Economists and Managers of the Balkans
- UdEkoM Balkan -
179 Ustanicka St, 11000 Belgrade, Republic of Serbia
E-mail: [email protected]
www.udekom.org.rs
- UdEkoM Balkan -
179 Ustanicka St, 11000 Belgrade, Republic of Serbia
E-mail: [email protected]
www.udekom.org.rs
Tel. +381 62 812 5779
VAT number: 108747027
Registration number.: 28157347
Registration number.: 28157347