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Zoomaway Travel forms new Canadian subsidiary as part of blockchain strategy

The new unit is called Travel Game Block Chain Inc and is dedicated to digital gaming and hospitality industries.

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The firm provides its tech platform to hotels and golf resorts, among others

Zoomaway Travel Inc (CVE:ZMA) has created a new Canadian subsidiary called Travel Game Block Chain Inc dedicated to the digital gaming and hospitality industries.

"With the recent shift in focus to blockchain implementation and all that comes with it, we want to make sure that we are continuing to diversify the company, avoiding any confusion about our many current and future projects," said Sean Schaeffer, chief executive at Zoomaway Travel.

"As we are making plans for the new company, we are going to actively look for projects, partnerships and or joint ventures in the digital games space, which continues to grow at an unbelievable pace.

"Blockchain will play a big role in this industry going forward and we aim to use our knowledge and relationships from our sister Nevada company to further this new endeavour as well."

Earlier this week the group  said that the US state of Nevada, where its main subsidiary is based, was  a perfect place to embrace and develop blockchain technologies.

"Several new laws have been proposed or passed that make the State of Nevada the perfect environment for Zoomaway to continue to make its previously announced changes to its core infrastructure and to consider new and exciting changes to its business plans," the firm told investors.

Quick facts: ZoomAway Travel Inc

Price: 0.08 CAD

TSX-V:ZMA
Market: TSX-V
Market Cap: $4.94 m
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