In line with an official press release by published by ‘Air Canada,’ which is Canada’s largest airline, has revealed its participation on a blockchain-based travel distribution platform developed by Swiss blockchain startup Winding Tree. Air Canada was established back in year 1937 and provides regular and charter passengers along with cargo transportation. In 2017, the company carried around 48 Mln passengers, with a rise by 7.3% compared to 2016, according to the company’s 2017 annual report.
Air Canada has signed a letter of intent to participate during a decentralized open source travel distribution platform developed by blockchain travel phase ‘Winding Tree’. Through the combination of a brand new blockchain platform, the businesses look to enhance the distribution and sale of travel merchandise and offer access to inventory directly from suppliers.
Commenting on the project, the Director of Global Product Distribution for Air Canada ‘Keith Wallis,’ added:
“Air Canada acknowledges the importance of leverage in this next generation technology. We are planning to integrate Air Canada’s Direct Connect API with Winding Tree’s public blockchain platform, giving blockchain-savvy users the power to access our content directly from the source.”
Airline corporations around the globe are gradually understanding the importance of blockchain technology in their operational processes to enhance travelers’ expertise and advance supply chains and logistics. This month, European airline company ‘Air France-KLM ‘conjointly partnered with Winding Tree to scale back prices for the company’s customers by cutting out the intermediaries.
Air France-KLM reportedly hopes that blockchain can facilitate it providing an additional advantageous travel offers for its patrons that is more profitable for suppliers, specifically by reducing the intermediaries.”
Earlier in Aug., the Australian Brisbane Airport Corporation partnered with the TravelbyBit which is a digital currency payments platform to launch the “world’s primarily digital currency friendly airport” and had already enforced a blockchain-backed point of sale system in regional tourer cities.