Blockchain Travel Platform Winding Teams With Zeppelin_OS and RSK Labsbr>
Blockchain travel platform Winding Tree has teamed with two blockchain firms – Zeppelin_OS and RSK Labs – to help improve scalability, security, and privacy of its platform.
Winding Tree’s platform enables startups and companies to gain direct access to travel service providers’ offerings without the need for intermediaries. The platform connects buyers and sellers via a set of smart contracts and open-source tools in a non-rent-seeking manner without taking a transaction fee. At the same time, the participants of the Winding Tree platform are able to govern the platform collaboratively.
Zeppelin_OS is an open framework of reusable and smart contacts that helps reduce the risk of vulnerabilities in blockchain applications by using standard, tested, and community-reviewed code. Winding Tree’s partnership with Zeppelin will allow for collaborative resources to be spent on the development of the open-source smart contracts.
RSK Labs is the company behind the project RootStock. RootStock is the first open-source smart contract platform with a two-way peg to bitcoin that also rewards the bitcoin miners via merge-mining, allowing them to actively participate in the smart contract revolution. The goal of the partnership is to make Winding Tree’s ethereum token Lif be usable across both the ethereum and bitcoin network. Winding Tree will also be releasing its demo app on top of the RSK network.
“These partnerships will further Winding Tree’s goals of decentralizing the travel industry, which is currently dominated by two main companies, Priceline and Expedia,” the company said. “Because they have such a strong hold in the travel market, the prices are controlled in their favor. High distribution fees force airlines and hotels to charge potential customers higher fees. The dominance and interference of these intermediaries is stifling not only the expansion of travel innovation startups, but also is hindering the ability of consumers to find fair and affordable travel deals.”