• Sat, 21 Sep 2019, 11:22 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Etihad Airways to integrate Winding Tree's blockchain platform

Anna Zvereva from Tallinn, Estonia [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)]

Fri, 09 Aug 2019, 04:51 am UTC

Etihad Airways has partnered with Switzerland-based blockchain startup Winding Tree to provide logistical support for the airline’s distribution system.

According to Reuters, the recent initiative will enable the national carrier of the United Arab Emirates to bypass “overpriced” third-party operators that are handling inventories, including flight times, travel itineraries, and baggage tracing. The platform will allow businesses to publish their available inventory directly to customers.

Very few have chosen to disrupt the distribution world and that’s because those are major players with very significant margins that have acted to keep that kind of a closed shop,” Etihad Director of Digital and Innovation Tristan Thomas said.

Founded in June 2017, Winding Tree is a decentralized business-to-business marketplace built on ethereum. Its decentralized B2B marketplace system allows companies to gain direct access to travel service providers’ offerings without the need for intermediaries. Currently, it is serving a number of airlines, hotels, and tourism offices globally, including Air Canada, Air France-KLM, Lufthansa, Swissport, and Nordic Choice.

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 consumers,” Winding Tree’s CEO Pedro Anderson told the news outlet.

Meanwhile, international governments, airline companies, and airports are starting to adopt blockchain technology. In June, global accounting giant Accenture inked a formal agreement with the Canadian and Dutch governments, Air France-KLM, and Air Canada to use blockchain in identifying travelers, a deal dubbed as “Known Traveler Digital Identity.”

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $10,046.60 (-1.28%)
  • Ethereum (ETH) $215.43 (-0.91%)
  • XRP (XRP) $0.290000 (-1.12%)
  • Bitcoin Cash (BCH) $311.81 (-1.96%)
  • Litecoin (LTC) $73.91 (-2.16%)
  • Bitcoin (BTC) $10,046.60 (-1.28%)
Sep 20, 2019 (Friday)
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: LTC/USD Technical Analysis Summary
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Azerbaijan's State Customs Committee seeks to exchange information with global counterparts via blockchain
Coinbase considers listing 17 new digital assets including Kadena and Telegram
Crypto Technicals: ETH/USD consolidates previous session's gains, bias bullish above 200-DMA
US Congress’ upcoming hearing with SEC to focus on cryptocurrencies and Libra
Crypto Technicals: BTC/USD retraces from 3-week lows, resumes range trade, bias neutral
Square Crypto taps former Google, Facebook and Lightning Labs execs for inaugural developer team
Crypto Technicals: XTZ/USD struggles at 200-DMA resistance (1.1209), break above to see further gains
Bank of America joins blockchain-based trade finance network Marco Polo
Patrick Byrne sells off his $100M Overstock stake to buy cryptocurrencies, blames 'deep state' and SEC
Early ethereum supporter Steven Nerayoff faces $12M cryptocurrency extortion charges
Crypto trader Genesis acquires Qu Capital to bolster trading technology
Crypto Technicals: IOT/USD Technical Analysis Summary
Pakistan's Faysal Bank becomes the country's first bank to adopt Ripple's xCurrent technology
All 7-Eleven stores in the Philippines now sell bitcoin, thanks to the new partnership of Abra, ECPay
Arab Bank Switzerland partners with Taurus to offer cryptocurrency services to its wealthy clients
IBM, Citibank, Ubisoft signed up as corporate partners of Singapore's blockchain accelerator Tribe
Sep 19, 2019 (Thursday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.