Germany Based Airline Issues Tickets on Blockchain
November 18, 2019 10:52 pm
The collaboration between Hahn Air’s collaboration with a decentralized platform for the travel industry, Winding Tree, has made it possible to sell tickets using blockchain technology. Frederick Nowotny, head of sales engineering at Hahn Air, Maksim Izmaylov, the founder of Winding Tree, and Davide Montali, CIO at Winding Tree, became the first passengers to use blockchain-booked tickets.
“The goal of the company is to investigate and monitor the opportunities this technology holds for travel distribution, even if widespread acceptance is still a vision of the future.”
Blockchain technology in the Airline industry is not something new. In July 2018, Singapore Airlines published a press release announcing that it had developed a digital wallet which is named KrisPay, in partnership with KPMG and Microsoft. The application allows the airlines’ customers to change travel miles into units of payment that can be used with partner merchants in Singapore. Moreover, the new platform named the KrisFlyer program uses a blockchain for supporting its clients’ loyalty wallet.
In August 2019, Winding Tree partnered with Etihad Airways partnered to proceed with third-party operators that currently manage its inventories – such as flight times, travel itineraries, and baggage tracking. Tristan Thomas, Etihad’s director of digital and innovation said to Reuters that these parties often provide an overpriced service.
Pedro Anderson, Winding Tree’s chief operating officer stated:
“We have been doing experiments and new solutions on the platform. Ultimately, that benefits the consumer. When there’s innovation, you start to have disruption, you have competition which results in better prices for the consumer.”