Bitcoin (BTC)

$ 6543.52951442

Bitcoin Cash (BCH)

$ 0.4564682087

Ethereum (ETH)

$ 206.932026101

Ripple (XRP)

$ 452.52816243

Bitcoin Costs Stabilize Above $6K – But Will They Keep? Jim Chanos Is Out of His Depth Trashing Crypto Assets There&#039s A New Bitcoin Core in Town – And It&#039s Out to Troll Bitcoin Money Enjoy Decentralized Art at Satoshi’s Place Bitcoin and Manga Collide in Shonen Crypto Switzerland Rejects Pro-Crypto Sovereign Money Initiative Coinbase Announces Intended Support for Ethereum Classic
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

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Make contact with us at

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