Blockchain has seen a lot of development since 2009. The technology has disrupted almost any field and every sector. Now, the very first blockchain ticket has been created.
The innovative solution for the air flight industry comes from the German airline operator Hahn Air. The company is using the open-source travel distribution provider Winding Tree, which is a platform.
The blockchain ticket was issued for the airline’s flight from Dusseldorf to Luxembourg, which was on November 18th. The first so called “blockchain passengers” were the founder of Winding Tree – Maksim Izmaylov and the CIO of the company – Davide Montali. The third passenger was Frederick Nowotny – the head of sales engineering at Hahn Air.
Hahn Air is using the Winding Tree platform to list inventory, manage all reservations and receive the payments once the booking process is completed by a customer. Payments can be done in cash, cryptocurrencies (Ether or LIF token) and credit card.
The major advantage of using blockchain to process airline tickets is that the platform’s open-source allows airlines, distribution systems and travel companies to exchange data and connect in a easy manner. The costs of the entire booking process are reduced, as all market stakeholders interact directly with each other.
This is what Mr. Frederick Nowotny said about the product:
We are Hahn Air are constantly exploring new technologies and we are proud to now demonstrate our technical capability to issue blockchain-powered Hahn Air tickets. We are pleased to be partnering with Winding Tree, the most established company when it comes to distributing travel inventory in the blockchain.
More about the technology of blockchain and cryptocurrencies can be found here: