First-ever Blockchain-based Air Ticket!
By Nvest Labs on ALTCOIN MAGAZINE
German airline Hahn Air issues the first blockchain-based air ticket which is enabled by blockchain technology. Hahn Air is in partnership with Winding Tree, an open-source travel distribution platform.
The first flight with blockchain-based air tickets flew from Dusseldorf to Luxembourg on Monday. Jörg Troester, head of the corporate strategy and government & industry affairs, Hahn Air, quoted
“for us, it is important to look into the future to understand how can we make distribution faster.”
According to the blockchain training institute, the airline is analyzing how the process worked and will be implementing the same for future flights. Also, it will take measures to commercialize the blockchain-based tickets.
The Winding Tree Platform enables the airways to list the inventory, manage reservations, and to receive payments. The airline accepts all forms of payments including credit cards, cash, online payments, cryptocurrencies including bitcoin, ether, etc.
Pedro Anderson, Winding Tree’s chief operating officer, and co-founder quoted,
“one of the things that we are working on our side is the challenge that comes up when you create an open marketplace, how to ensure that anybody who gets access, whatever you’re selling or buying, that the business on the other side is of good standing.”
Winding Tree is a blockchain-based travel distribution platform. It has partnered with many other airlines such as Air Canada, Air France-KLM, Lufthansa, etc.