Future Flights with Cryptocurrency

Yeah, you heard it right.

Air New Zealand, the country’s national airline, is exploring blockchain technology for “a number of potential use cases” including booking and baggage tracking via a partnership with Swiss startup Winding Tree.

In a notable announcement, Air New Zealand has confirmed tapping into blockchain for various applications such as retail airfares, cargo and baggage tracking, securing information and loyalty programs. The aim is to cut out intermediaries and connect startups and companies directly to service providers via Winding Tree’s B2B marketplace built on a public Ethereum-based blockchain. The platform enables blockchain-based transactions with both parties benefiting from lower transaction fees and straightforward, efficient information sharing.

"While we are still exploring its benefits, blockchain may offer a streamlined way to retail airfares and ancillary products alongside our current channels. In removing complexity from the sales chain, customers benefit alongside our current channels. In removing complexity from the sales chain, customers benefit from reduced transactional costs, and airlines benefit from swift and secure sharing of information."

So, will you give it a try?
The full article is here!