Lufthansa taps blockchain tech and partners Swiss startup Winding Tree

Thursday 19 October 2017 14:29 CET | News

Lufthansa Group, a large German airline company, has entered into a content partnership with Swiss startup Winding Tree to bring blockchain technology to the travel industry.

The partnership will enable the startup to build blockchain-based travel apps which not only adhere to the requirements of the airline, it is also an efficient way to test these apps with large airlines, further validating the efficiency and scalability of the 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.

Winding Tree is a blockchain-based decentralized open-source travel distribution platform, founded in June 2017. The startup is launching a token sale of its cryptocurrency Líf on November 1, 2017. Lufthansa Group said it will participate in the presale after regulatory clearance from Swiss authorities.

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Keywords: Lufthansa Group, token sale, blockchain, travel industry, partnership, Germany
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: World
This article is part of category

Blockchain & Cryptocurrencies