The government of Russia will use blockchain for tourism

The government of Russia may still not be prepared to get its head totally covered around cryptocurrency, however there are those within the country that appreciate it. As per a recent a report by Russian news outlet Tass, Yugra, an autonomous region in the country, is all set to execute a blockchain-enabled tourism platform to track public spending and provide better transparency in the industry.The new platform is to be created from a partnership between the region and Universa, a blockchain startup. Universa CEO Alexander Borodich declared the new agreement at a recent St. Petersburg International Economic Forum and a subsequent blog post by the company adds, “Tagging the money using distributed ledger technology will protect government grants and investments against misuse.”