Etihad Airways Integrates Travel-Focused Blockchain Platform Winding Tree

Published at: Aug. 8, 2019

The national carrier of the United Arab Emirates Etihad Airways has partnered with blockchain-based platform for the travel industry Winding Tree to explore how blockchain can aid in distribution.

Logistics see greater adoption of blockchain

As Reuters reported on Aug. 8, Etihad joined a range of other leading international airlines that already deploy the Winding Tree platform, including Air Canada, Air France-KLM, and Lufthansa. The product is set to reduce transaction costs for customers, as well as enable companies to publish inventory directly to their customers, among other services.

Tristan Thomas, director of digital and innovation at Etihad, told Reuters that “Winding Tree is obviously our distribution (platform) and that’s an opportunity for us to disrupt a traditionally siloed market dominated by major distribution systems.”

Pedro Anderson, Winding Tree’s chief operating officer and co-founder, also commented on the cooperation, saying:

“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 the consumer.”

Blockchain captivates the airline industry

As previously reported, Air Canada announced its participation in the Winding Tree platform last October. Keith Wallis, Director of Global Product Distribution for Air Canada, said then:

“Air Canada recognizes the importance of leveraging this next generation technology. We plan to integrate Air Canada's Direct Connect API with Winding Tree's public blockchain platform, giving blockchain-savvy users the ability to access our content directly from the source."

Other airlines around the world have also been integrating blockchain tech into their internal processes. Earlier this month, Hong Kong’s flagship airline Cathay Pacific introduced the first blockchain project to manage unit load devices. The project intends to eliminate paper-based processes by implementing a blockchain application that allows instant management of such devices through a smartphone.

Tags
Uae
Related Posts
Blockchain Adoption Takes Off in Airlines, Aviation Industry
In an era in which catching a flight is easier than renting a car, and an estimated 40 million flights will occur this year alone, it is understandable that competition is fierce, and even the smallest advantage may be the difference between leading the industry and being forced into an unwanted merger. Last year, Cointelegraph discussed the potential benefits the blockchain industry can have for airlines. Fast-forward 12 months and the waves this technology is making not only for airlines but also air travel and the aviation industry as a whole can be clearly seen. We have gone from a …
Adoption / Aug. 1, 2019
What lies ahead for crypto and blockchain in 2021? Experts answer
It would be fair to admit that after 2020 and all it has put us through, making any predictions for the upcoming year is most likely to be a game of blindfold. Meanwhile, I am certain that humanity has much to learn from its past transgressions, and will move forward by correcting our mistakes and weaknesses. That’s what we always do. Undoubtedly, the major driver of our development this year was the COVID-19 outbreak. The effects of the ongoing global pandemic on every aspect of our lives will form our future, and there are some tendencies we started last year …
Adoption / Jan. 4, 2021
S7 Airlines Processed Over $1M Via Blockchain Payment Platform in July
S7 Airlines, a member of major global aviation alliance Oneworld, processed over $1 million through its blockchain payment system for the month of July. S7 processed nearly $4 million in payments on its blockchain platform since January 2019 According to an official press release on July 30, S7 has seen significant growth in transactions on its blockchain-powered sales network developed in partnership with Russia's largest private bank, Alfa-Bank. Nikolai Mukhanov, executive director at S7 Techlab, said that the platform has seen not only a significant increase in number of payments, which reportedly grew tenfold since January, but also in number …
Adoption / July 31, 2019
Upcoming Supply Cut Will See Bitcoin Prices Rise Further, Brian Kelly Predicts
An upcoming supply cut could help bitcoin (BTC) prices rise further in the coming months, crypto fund manager Brian Kelly told CNBC on May 21. Speaking to the Fast Money program, he explained that “the halvening,” next due to take place in 2020, will see mining rewards cut in half. With many miners now hoarding BTC, Kelly predicted that prices will rise as increased demand — tied to increasing industrial adoption and retail uses — competes with diminished supplies. Describing the four-year cycle that leads up to “the halvening,” Kelly added: “You generally have a rally a year into it, …
Adoption / May 22, 2019
Canadian Firm to Build Blockchain-Based Supply Chain Platform for Cannabis Industry
Canada-based blockchain and crypto company DMG Blockchain Solutions Inc. (DMG) has announced the development of a global supply chain management platform for the legal cannabis industry, according to an announcement published Oct. 17. As reported by Canada’s national public news and information service CBC, the country’s government officially legalized recreational marijuana as of today. Cannabis was previously available only for medicinal use within the country. According to Health Canada, there are currently over 120 licensed cannabis producers in Canada, where one of the top producers has already stated that labor shortages and supply chain issues could lead to scarcity soon …
Adoption / Oct. 17, 2018