European airline company ‘Air France-KLM’ has partnered with blockchain travel system Winding Tree. The goal of the partnership is to cut back prices for the company’s customers by cutting out intermediaries.
The alliance has recently stated its new deal in an exceedingly release revealed on its official web-site.
The world’s 5th largest air company by revenue in this year, Air France-KLM hopes blockchain would offer an additional advantageous travel experience for patrons that is additionally profitable for suppliers, especially by reducing several intermediaries.
The Vice President for Strategy and Innovation ‘Sonia Barriere,’ at Air France-KLM, thinks that blockchain could revolutionise exchanges among the travel industry both for the patrons and firms.
With the new deal, Air France-KLM joins the ranks of alternative airlines that have antecedently partnered with the ‘Winding Tree’.
As reported earlier, the corporate already has contracts with Lufthansa, Swiss Air, Air New Zealand, Austrian and Brussels Airlines, and Eurowings. In line with this, the open source travel platform conjointly works with one among the largest hotel chains in Scandinavia and Baltic Region, Nordic Choice Hotels.
Airlines could use blockchain to not solely alter the booking method, however conjointly to launch loyalty programmes, trace luggage and improve airport management, along to forestall overbooking, in line with an earlier summary of the industry revealed.
Earlier, Russian airline S7 has partnered with the state-owned natural gas company Gazprom to use blockchain-based smart contracts for airline fuelling on domestic flights. Even Singapore Airlines has launched a blockchain-based loyalty crypto wallet in partnership with the tech. giant ‘Microsoft’.