Quote from: ngm22585 on October 25, 2018, 03:23:24 PM

Yesterday Air Canada announced plans to participate in the Winding Tree travel distribution platform. The blockchain network already boasts numerous airlines including Air France-KLM, Lufthansa and subsidiary Eurowings, Swiss Air, Swissport, Brussels Airlines, Austrian Airlines, and Air New Zealand. The platform covers all aspects of travel, not just airlines.

Air Canada stated that the current market deters new entrants and discourages innovation in travel sales. This dovetails with Winding Trees assertion that Amadeus, Sabre, and Travelport have a combined 99% market share in non-direct airline ticket sales. Yesterday Travelport announced a blockchain project with IBM.

Winding Tree also points to the high profits of some of the online portals such as Priceline with a decade of year-over-year 40% earnings growth. In part, these profits come from commissions, whereas non-profit Winding Tree plans small transaction fees independent of prices. The only commissions will be for referrers in a similar way to affiliate marketing.

Provided transaction fees are small enough, in theory, Winding Trees data could encourage a new batch of competition both as travel portals and white-labeled platforms for airlines and others.

The startup is still in its early stages. So far it is enabling travel partners to upload data which will be freely available for third parties to incorporate. Nothing is live, but some demonstration data is viewable. It has not yet reached the stage of processing transactions. The project will run on the public Ethereum network.

We are pleased to be participating with Winding Tree in this innovative project for a new travel distribution channel, said Keith Wallis, Director of Global Product Distribution for Air Canada. We plan to integrate Air Canadas Direct Connect API with Winding Trees public blockchain platform, giving blockchain-savvy users the ability to access our content directly from the source.

https://www.ledgerinsights.com/air-canada-blockchain-winding-tree/

It seems as though airline companies are loving blockchain!

That was great because it only means that blockchain technology are now continuously to rise and success. Day by day there are good and better result that appears to the development of this technology because there are the increasing number of different countries that tried to experience the benefits that blockchain technology can gives to them. Maybe this technology can gives and helps mostly companies to be much successful in the near future. Maybe this technology will find a way and makes a wonderful success to every companies that really trusted to it.