Skip to main content

World’s Fifth Largest Airline Firm Explores Blockchain to Cut Costs for Customers




1:45
World’s Fifth Largest Airline Firm Explores Blockchain to Cut Costs for Customers
European airline holding company Air France-KLM has partnered with blockchain travel ecosystem Winding Tree. The goal of the partnership is to reduce costs for the company’s customers by cutting out intermediaries.
The alliance has revealed the new deal in a release published on its official website Thursday, Oct. 4.
The world's fifth largest air company by revenue in 2018, Air France-KLM hopes blockchain will help it provide "a more advantageous travel offer for customers which is more profitable for suppliers, in particular by reducing the number of intermediaries."
Sonia Barriere, the executive vice president for Strategy and Innovation at Air France-KLM, thinks that blockchain will "revolutionise exchanges within the travel industry" both for customers and companies.
With the new deal, Air France-KLM joins the ranks of other airlines that have previously partnered with Winding Tree.
As Cointelegraph reported earlier, the company already has contracts with Lufthansa, Swiss Air, Air New Zealand, Austrian and Brussels Airlines, and Eurowings. In addition to that, the open-source travel platform also works with one of the biggest hotel chains in Scandinavia and Baltic Region, Nordic Choice Hotels.
Airlines might use blockchain to not only simplify the booking process, but also to launch loyalty programmes, to track luggage and improve airport logistics, as well as to prevent overbooking, according to an earlier overview of the industry published by Cointelegraph.
For example, Russian airline S7 has partnered with the state-owned natural gas giant Gazprom to use blockchain-based smart contracts for aircraft fuelling on domestic flights. And Singapore Airlines has launched a blockchain-based loyalty digital wallet, co-developed with Microsoft. obviously blockchain technology is the real deal and every industry that wants to strive in the next economic roller coaster has no other option than to adopt the blockchain technology services. its not just enough to talk about it but also to learn more about how it works and get involved.
follow us on our social media handles for more details on cryptocurrency and blockchain technology @cryptocribz

Comments

Popular posts from this blog

  Pick a niche The Blockchain and Crypto space is large and full of opportunities. Most people limit the industry to just a place to trade and make quick cash little do they know that you can actually build a career and achieve much more. There's a lot of skills required in blockchain technology. Firstly, you can become a trader, a day time trader or night trade it all depends on your schedule. You can actually make 10 to 20% of your capital daily or even more depending on the volume of your capital and trading strategy. you can become an investor who spots good coins and invests in a project you believe will do well, you can hodl, meaning you can buy and hold for short or long term period.  OTC trading is actually underrated, you can become an over the counter trader by just buying and selling cryptocurrency through the P2P Platforms or escrow groups, there's a lot of money to be made here if you move volumes on a daily. You can become an expert in technical analysis and give
WHAT YOU NEED TO KNOW ABOUT  NON FUNGIBLE TOKENS NFTs (or "non-fungible tokens") are a kind of digital asset with a unique kind of token-unlike other assets like bitcoin and dollar bills which have a particular and fixed amount that is accepted by all, NTFS have a unique price for every token. Every NFT is Unique, they can be used to authenticate ownership of digital assets like musical records, artwork, virtual real estates and pets. NFTs could be likened to a kind of certificate of authenticity for digital artefacts. They're are actually been used to sell a huge range of collectables currently including: *A tweet by Dallas Mavericks owner and entrepreneur Mark Cuban. *Video art by Grimes *The Original "Nyan cat" meme *Virtual real Estate in a place called Decentraland  and others...   As other digital assets like Bitcoin and other cryptos has grown in popularity over the years, NFTs have also soared — growing to an estimated $338 million in 2020. Each NFT is s

Differentiating Scam Crypto Projects And Legit Projects

Since Bitcoin became mainstream, we have seen countless scam schemes that claim to be crypto projects but are just scam projects that seek to cart away with investors money. a whole lot of them have succeed and are still succeeding in doing this. the reason why they keep getting away with this schemes, is that a lot of crypto enthusiasts and investors don't have a proper knowledge of how the cryptocurrency space works. This is the reason why we have decided to put some contents together both on our YouTube channel and podcast to give investors and especially newbies the heads up to figure out when scam projects come knocking. The crypto space is in its early stage with peculiar opportunities as well as challenges. There are scammers in probably every walk of life, seeking and exploring new ways and opportunities to extort their victims. below we will discuss give key points to figure out a scam or ponzi project. Five ways to know scam or crypto projects Important to