Aviation Blockchain Challenge Announced By Lufthansa And SAPbr>
German airline Lufthansa and multinational software giant SAP have announced the “Aviation Blockchain Challenge,” a new idea contest that will explore the potential of blockchain technology in the aviation 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.
SAP is a European multinational software corporation that makes enterprise software to manage business operations and customer relations. It focuses on 25 industries and six industry sectors: process industries, discrete industries, consumer industries, service industries, financial services and public services. It recently launched its blockchain-as-a-service (BaaS) platform that allows SAP users to integrate the company’s various solutions into blockchain.
The Aviation Blockchain Challenge has been launched by the Lufthansa Innovation Hub and SAP.iO Berlin Foundry. The idea contest is offering three different categories for applicants. The first category is the Traveler challenge which sought ideas along the entire travel chain that offer clear added value for travelers – from booking and purchasing flights to loyalty programs and airport identification. The second category is the Airline challenge aimed at blockchain solutions that will improve airline specific operations and related processes. The third category, the Supplier challenge, is about ideas that have the potential to rethink maintenance and related aspects of the aviation supply chain.
Participants will receive valuable feedback from seasoned aviation, business modelling, ideation, and blockchain experts, both from Lufthansa and SAP during the evaluation and especially the mentoring phase after the selection. Winning teams will be given access to SAP’s BaaS platform in order to build or improve their MVP. They will also be able to utilize Lufthansa’s industry access to all major areas of the aviation ecosystem to push their projects forward.
Interested applicants can submit their applications until August 31. The best three ideas per category will first be nominated for the mentoring program, which will start in September. On October 23, teams will have the opportunity to pitch for a further collaboration at the Lufthansa Innovation Forum at Lufthansa’s headquarters in Frankfurt am Main.
“By combining our aviation industry expertise with the blockchain technology of a world market leader, we are creating the ideal worldwide framework for addressing blockchain entrepreneurs with an affinity for travel and mobility,” said Thorsten Dirks, Member of the Executive Board of Deutsche Lufthansa AG and in charge of Eurowings and Aviation Services.