Air France-KLM Teams Up With Blockchain-Powered Travel Startup

Air France-KLM joined forces with Blockchain-based travel distribution platform Winding Tree. This partnership is aimed to lower travelling costs for customers

Thu, 4/10/2018 - 14:48

Air France-KLM Teams Up With Blockchain-Powered Travel Startup

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Air France-KLM, one of the biggest airline groups in the world, has recently joined forces with Blockchain-based travel distribution platform Winding Tree, Financial Times reports. This partnership is aimed at cutting out the middlemen out of the multibillion-dollar industry to lower travelling costs for customers and increase revenue for suppliers. Earlier, Winding Tree also teamed up with the largest German airline Lufthansa.

A spokesperson for Air France-KLM claims that Blockchain technology has the potential to fundamentally transform the existing travel industry. Back in October 2017, the company started using the disruptive technology for supply chain tracking.

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Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.