Lufthansa Teams with Winding Tree for Blockchain Travel Apps

Announcements, Blockchain, ICO News | October 12, 2017 By:

Lufthansa Group has teamed with Swiss blockchain travel platform Winding Tree to bring blockchain technology to the travel industry.

Lufthansa is the largest German airline and, when combined with its subsidiaries, also the largest airline in Europe in terms of fleet size. It is the second largest airline in terms of passengers carried during 2016. Lufthansa is one of the five founding members of Star Alliance, the world’s largest airline alliance, formed in 1997.

Besides its own services, and owning subsidiary passenger airlines Austrian Airlines, Swiss International Air Lines, Brussels Airlines, and Eurowings, including Germanwings, Lufthansa owns several aviation-related companies, such as Lufthansa Technik, as part of the Lufthansa Group. In total, the group has over 600 aircraft, making it one of the largest airline fleets in the world.

Winding Tree, launched earlier this year, is a blockchain-based decentralized open-source travel distribution platform. A decentralized B2B marketplace system powering blockchain-based travel booking transactions would enable startups and companies to gain direct access to travel service providers’ offerings without the need for intermediaries.

Under the partnership, Winding Tree will assist Lufthansa in building and testing decentralized, blockchain-based travel apps that meet the requirements of airlines, while Lufthansa will integrate its APIs with the Winding Tree platform.

“Lufthansa Group has engaged in the development of APIs, for instance supporting IATA NDC standard, to offer a direct access to its offers to customers and distribution partners,” said Markus Binkert, senior vice president distribution & revenue management Lufthansa Group Airlines. “By integrating these APIs with Winding Tree’s public blockchain, Lufthansa Group enables all innovative partners who develop cutting-edge travel applications to access these offers via a decentralized and intermediate-free travel marketplace.”

Lufthansa stated that in the future, airlines, hotels and other travel service providers will offer their services on Winding Tree’s platform, and companies interested in content will only connect to the B2B blockchain-distributed digital marketplace to present specific offers tailored to their customers’ needs. This will result in a large number of new apps for travelers, who will then be able to book Lufthansa Group flights via the offer that best suits their preferences.

Lufthansa will also participate in the pre-sale of Winding Tree’s “Líf” tokens after regulatory clearance from Swiss authorities. The public Winding Tree initial coin offering (ICO) will commence on November 1.

“The partnership with the Lufthansa Group will allow us to build blockchain-based travel apps which not only adhere to the requirements of airlines but we will be able to test these with Europe’s largest airline, further validating the efficiency and scalability of the platform,” said Winding Tree founder and CEO Maksim Izmaylov. “Lufthansa Group is setting an example for the travel industry.”