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New partnership formed to develop an NFT market for

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SINGAPORE, December 10, 2021 (GLOBE NEWSWIRE) – Beowulf Blockchain, (Beowulf) the world leader in decentralized communications and cloud data networks, and Crystal Bay Group (CBG), a well-known leader in tourism development and real estate in Vietnam, today announced a new partnership to create an online NFT marketplace for hotel stays and travel-related products. This partnership is underpinned by the shared vision of Beowulf and CBG to facilitate high powered technology initiatives aimed at creating the next generation of the online travel market on the blockchain to better serve travelers around the world at reduced costs. .

As travelers continue to face the seismic challenges arising from the COVID-19 pandemic, such as unexpected blockages, delays or complex procedural processes at airports, the need for the next generation of online travel marketplace is become the rocket fuel for the societal transformation of tourism; this allows travelers around the world to redeem their booked trips (including airfare, transport and hotel room bookings) in order to recoup their costs or even make a profit in the online marketplace with transparency, speed and flexibility of currencies. This is exactly what this joint partnership will deliver: by tokenizing each hotel night, the type of airbnb rental homes and travel-related products through NFT, and enabling the exchange of these tokens in the place of market built on the blockchain. Travelers who cannot get to a hotel or airbnb rentals to use their reservation can resell their NFT tokens in the marketplace to recoup the cost or even make a profit. Travel agencies or retail investors can book hotel rooms in advance at a great rate and resell them to those who need them to make a profit. This flexibility, along with a loyalty program run on Beowulf’s boyoty.com and defiato.com exchanges, will bring real added value to travelers globally.

“CBG is committed to identifying like-minded partners to harness technology and implement a holistic approach to put all aspects of tourism in a single but decentralized place that brings real benefits to travelers, travel agencies and retail investors (for product travel), ”said Mr. Trung Nguyen, Director of CBG. “For this reason, the next generation of travel markets need strategic technology partners, like Beowulf, to deliver the right architecture, as well as the right expertise to serve travelers even better and smarter. With approximately $ 2 billion in assets and through the management of approximately 50,000 rooms in 450 hotels in Vietnam, the marketplace built with Beowulf will help manage this colossal reservation work more efficiently while delivering real value to our current and future customers. This will surely foster an exciting new era of tourism.

“We are delighted to partner with CBG,” said Dr William H. Nguyen, Founder of Beowulf. “With our expertise in blockchain technology, decentralized cloud infrastructure for data and communications services, and a complete ecosystem including DeFiato digital asset exchange, we can rapidly deploy the NFT marketplace for CBG clients, any by helping CBG expand the market globally. The prospect of playing the role of disruptor in order to help fundamentally transform the tourism landscape is a huge motivator. The technological advancements at the heart of Beowulf Blockchain can help address widespread inefficiencies and operational challenges in implementing tourism.

About the Beowulf blockchain

Beowulf is a decentralized B2B cloud network for data and communications services. Beowulf is known for its decentralized publicly managed blockchain. The Beowulf supercomputer is built by integrating available computing resources provided by individuals around the world. More information can be found here:

https://beowulfchain.com

About the Crystal Bay Group

The Crystal Bay group is a leading real estate development company for tourism in Vietnam. It has $ 2 billion in assets with resorts in Khanh Hoa, Ninh Thuan, Quang Ninh, Lam Dong, Binh Dinh and Binh Thuan provinces. In addition, it manages and partners with 450 leading hotels in Vietnam (https://www.youtube.com/watch?v=8cWeofnG4F0). More information can be found here:

https://crystalbay.com

To contact the media:

Dr William H. Nguyen
E-mail: [email protected]

Related images

Image 1: The partnership signing ceremony

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  • The partnership signing ceremony