Brad Chillum
Air New Zealand, the country’s national airline, is exploring the blockchain technology. The blockchain will be used for “a number of potential use cases”, including booking and baggage tracking. This is possible via a partnership with Swiss startup Winding Tree.
Air New Zealand has confirmed that it will use blockchain for various applications such as retail airfares, cargo and baggage tracking, securing information and loyalty programs. The aim for this is to cut out the intermediaries. They do this by connecting startups and companies directly to the service providers. The Winding Tree’s B2B marketplace, built on a public Ethereum-based blockchain, will be used. The platform enables blockchain-based transactions. Thus, both parties benefit from lower transaction fees and efficient information sharing.
Air New Zealand’s chief digital officer Avi Golan stated: “While we are still exploring its benefits, blockchain may offer a streamlined way to retail airfares and ancillary products alongside our current channels. In removing complexity from the sales chain, customers benefit alongside our current channels. In removing complexity from the sales chain, customers benefit from reduced transactional costs, and airlines benefit from swift and secure sharing of information.”
The New Zealand airline’s interest into exploring blockchain applications comes soon after the German one. Airline giant Lufthansa Group, one of the world’s biggest airline operators, was the first one. It revealed the development of “a large number” of blockchain travel apps designed for customers. Lufthansa also has a partnership with Winding Tree.
91 points
Upvote Downvote
Total votes: 0
Upvotes: 0
Upvotes percentage: 0.000000%
Downvotes: 0
Downvotes percentage: 0.000000%
Get the best crypto news straight into your inbox!
