Air New Zealand, Winding Tree Team Up for Blockchain Exploration

Air New Zealand has announced a new partnership with Swiss-based travel firm Winding Tree to explore applications of blockchain technology in the airline’s business.

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

According to Avi Golan, chief digital officer for Air New Zealand, the airline is also eyeing blockchain elsewhere, citing use cases such as loyalty programs and distribution.

He stated:

“While we are still exploring its benefits, blockchain may offer a streamlined way to retail airfares and ancillary products alongside our current channels.”

With the partnership, Golan added, the airline can take advantage of quick and safe sharing of information as well as benefit its customers by providing reduced transactional costs.

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

Notably, Winding Tree announced a different partnership with Lufthansa in October, aimed to develop a blockchain-based travel marketplace powered by a cryptographic token.

The announcement comes as a number of airlines are eyeing blockchain technology for use cases across the industry.

In July, Russian airline S7 revealed it was using the ethereum blockchain for the issue of air tickets, while Air France announced last month that it is exploring the tech to track workflows within its aircraft maintenance systems.

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

Air New Zealand image via Shutterstock

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Source: http://coindesk.com

CoinDesk is a news site specializing in bitcoin and digital currencies. Owned by Digital Currency Group.

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