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Homepage / News November 23, 2017 130 views

Air New Zealand, Winding Tree Team Up for Blockchain Exploration

Air New Zealand, Winding Tree Group Up for Blockchain Exploration

Air New Zealand has announced a new partnership with decentralized travel platform Winding Tree to explore applications of blockchain technologies in the airline’s business.

The arrangement will investigate regardless of whether the tech can enable New Zealand’s flag carrier airline to boost the safety and efficiency of services that contain baggage tracking and ticket booking, a Reuters report says.

According to&nbspAvi Golan, chief digital officer for&nbspAir New Zealand, the airline is also eyeing blockchain elsewhere, citing use circumstances such as loyalty applications and distribution.

He stated:

“Even though we are nevertheless exploring its benefits, blockchain may possibly supply a streamlined way to retail airfares and ancillary goods alongside our present channels.”

With the partnership, Golan added, the airline hopes to take benefit of quick and safe sharing of data, as well as bring benefits to customers by delivering&nbspreduced costs.

Air New Zealand has also revealed that it is investing an undisclosed quantity in Winding Tree’s token sale (or ICO),&nbspscheduled for January 2018.

Switzerland-primarily based Winding Tree announced a various partnership with Lufthansa in October, aimed to create a blockchain-primarily based travel marketplace powered by a cryptographic token.

Other airlines also are eyeing blockchain technology for use instances across the business.

In July, Russian airline&nbspS7 revealed it was&nbspusing the ethereum blockchain for the situation of air tickets, even though Air France&nbspannounced last month that it is exploring the tech to track workflows inside its aircraft maintenance systems.

Moreover, earlier this month, air transport IT firm SITA released a white paper detailing how airlines and airports could use intelligent contracts for shared control of information.

Air New Zealand image by means of Shutterstock

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Published at Thu, 23 Nov 2017 15:00:28 +0000

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