Air France-KLM Collaborates With Winding Tree To Revolutionize Travel Industry Using Blockchain Technology

Air France-KLM and Winding Tree are collaborating to initiate Blockchain technology in the travel industry. Air France- KLM will test the innovative developments and give feedback as the improvement advances.

Sonia Barrière, EVP of Strategy and Innovation at Air France-KLM said, “With a long-standing commitment to innovation with start-ups and partners, Air France-KLM is constantly creating the future of travel and devising solutions to make the travel experience easier and more personalized.” Air France- KLM is proud to be one of the first airline groups to join Winding Tree to help them develop their technologies.

The two companies are using blockchain technology by eliminating the need for intermediaries which will benefit the suppliers. The aim is to provide more invaluable travel offer for clients. Winding Tree’s B2B platform will profit clients as well as companies by an extensive variety of offers (flights, hotels and so forth). It will have the capacity to offer travel solution which is adjusted to their clients’ needs.

With this partnership, Air France-KLM is seeking after its development technique. With a long-standing commitment to open innovation, the group is constantly creating the future of the travel industry simpler and making it customizable, as mentioned in the press release by Blonde20.

Other Projects Supported By Air France-KLM

Using cutting-edge technologies like Artificial Intelligence and machine learning, Air France-KLM is trying to develop customer service. Joining forces with Transavia, the two companies have developed chatbots dedicated to services like tracking checked baggage,  adding extra baggage, booking assistance, etc. Other projects supported by the group are the development of electronic tags and the real-time baggage tracking system.

Many companies are swinging towards the use of blockchain technology in the travel industry. Business Wire announced on October 3 that Binance is investing $2.5 million in an Australian startup TravelbyBit. The startup will facilitate the world’s first digital currency-friendly airport in Brisbane.

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