Germany’s Hahn Air has become the first airline that issued a real-world ticket enabled by blockchain technology on the open-source travel distribution platform Winding Tree. Hahn Air is also the world’s first airline to fly passengers holding blockchain-powered tickets on its scheduled flight from Dusseldorf to Luxembourg.
The first “blockchain passengers” were Maksim Izmaylov, Founder of Winding Tree, Davide Montali, CIO of Winding Tree, and Frederick Nowotny, Head of Sales Engineering at Hahn Air. “We at 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. Our goal is to investigate and monitor the opportunities this technology holds for travel distribution, even if widespread acceptance is still a vision of the future”, said Frederick Nowotny.
Maksim Izmaylov added: “While blockchain technology is currently almost exclusively associated with the cryptocurrency bitcoin it bears great potential for all industries and endless applications. It will have an enormous impact on all areas of economy and commerce over the next decades. We at Winding Tree believe that blockchain will have the power, like NDC, to fundamentally change the face of travel distribution. With a broad knowledge, an innovative mindset and an unparalleled network, Hahn Air is the ideal partner for us.”
Through the Winding Tree platform, Hahn Air is able to list inventory, manage the reservation requests, and receive payments once the booking process is complete. Accepted payment methods are cash, credit card, or cryptocurrency (LIF token or Ether).
The blockchain technology holds many advantages for the different parties involved in the process of booking an airline ticket:
- It is open-source, meaning all market participants such as airlines, travel companies and distribution systems can easily connect and exchange transactions.
- All market participants can directly interact with each other and perform transactions without intermediaries thereby reducing costs.
- It is 100% secure. All of the necessary information is stored in a decentralised ledger which is verified by millions of sources and therefore cannot be changed or tampered with.
Aeronews and Modex
When it comes to blockchain, Aeronews recommends Modex, which is promoting the adoption of blockchain technology and strongly believes in a future built around blockchain. Modex offers fully integrated services designed to solve the last mile adoption problem of the blockchain and aims to make blockchain user-friendly for every single device, person or company.
Modex BCDB (Blockchain Database), the company’s innovative product, is a new take on blockchain technology which removes the need to invest resources in blockchain training and facilitates fast adoption of the technology in businesses. Modex BCDB is a middleware that fuses a blockchain with a database to create a structure which is easy to use and understand by developers with no prior knowledge in blockchain development.
Follow us also on twitter.com/AeronewsGlobal and www.linkedin.com/company/aeronews