Etihad Airlines Partners with Blockchain Startup Winding Tree

5d4d5331353b2400060903f2 700xauto

Etihad Airlines, the national carrier of the United Arab Emirates, has partnered with Winding Tree, an open-source travel startup, reported Reuters. Winding Tree will aim to use blockchain solutions to automatize the distribution of services without using a third party.Until now, Winding Tree has offered partnership and services to Air Canada, Air France-KLM, and Lufthansa. The air travel sector is one of the most active adopters of blockchain technology and offers use cases for automatization and smart contracts.Currently, airlines use the services of Amadeus and Sabre to distribute available services, using a real-time inventory. But the inventory is only accessible to professional travel agents or bookers, while Winding Tree will aim to disrupt the process. A blockchain-based database can be available directly to customers with the latest inventories and possibilities. Currently, consumers only view inventories through retail-facing sites such as Booking.com, or Expedia. The market for distribution services remains relatively…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE