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Buckle Up: Lufthansa Partners With Blockchain Startup

What happened

Lufthansa, one of Europe’s largest airlines, made a deal with Winding Tree, a Swiss travel platform built on the Ethereum blockchain.

Tell me more!

Winding Tree will help Lufthansa in creating decentralized, blockchain-based travel apps, while Lufthansa will integrate its APIs with the startup’s platform. Win-win!

Why is it important

If an interesting business adoption model is not enough, here is more. Lufthansa will invest in Winding Tree’s LIF token sale. And eventually LIF will be a mechanism to book hotels, flights (!) and cruises on the blockchain. So Lufthansa makes an early move here.

What can we learn from it

  • European airlines are actively exploring blockchain – apart from Lufthansa, we see it at Russia’s S7 and Air France KLM.
  • Data sharing across multiple points and decentralized transactions make airlines a perfect match for blockchain adoption.
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