The national Airline of the United Arab Emirates (UAE), Etihad Airways, is driving the crypto-adaptation of their internal and external organization. Now, the company announced its cooperation with the Swiss Open Source platform, Winding Tree. This offers the Blockchain and crypto – based solutions for the travel and logistics industry. In addition to Etihad, numerous international companies from the tourism sector work together with the Winding Tree. Cost reductions for the consumer are possible.
From Polina Khubbeeva
9. August 2019BTC$with 11,737,00 0.22%part Facebook Twitter LinkedIn xing mail
The news Agency Reuters reports on September 8. August that Etihad Airways announced its cooperation with the Swiss Blockchain platform, Winding Tree. The national airline of the United Arab Emirates (UAE) will work in the future with the Open Source provider of distributed solutions for global computer reservation systems in the field of logistics.
Blockchain-technology against monopolies in the travel industry
from a global computer reservation systems (in English “Global Destribution system” (GDS)) consist of networking computer-based network systems, which companies and the services industry. In the travel industry, this comprises mainly airlines, Hotels, car rental companies and travel agencies. Currently, the GDS is dominated by the market of a few providers such as Amadeus and Sabre. These provide the data infrastructure, to the employees of travel agencies, Hotels and Airlines for reservations of access. Also, sites like Booking.com and Expedia rely on the GDS-systems. Winding Tree and Etihad Airways want these Monopoly now, however, challenge by a block chain-based GDS to develop a solution.
Winding Tree is obviously our Distribution platform. This is an opportunity to bring movement into a traditionally hardened market, which is dominated by large distribution systems,
Tristan Thomas, Director of Digital and Innovation at Etihad Airways, explains to Reuters.
Only very few have chosen until now to enter the world of distribution systems. This is due to the large players with significant shares, which are interested in keeping the System closed.
Etihad Airways sees Potential for cost reductions
Therefore, institutions and companies in the future, their spare capacity to each other directly to share. Etihad Airways is expected that customers will benefit from the innovations.
If there are innovations, then movement comes in the market and this results in better prices for the consumer,
so Thomas.
in fact, Etihad Airways, one of the many companies that opted in last time for a collaboration with the Swiss Blockchain-companies. So Air Canada, Air France/ KLM and Lufthansa agreed, for example, to the GDS design on the Distributed Ledger technology. Also companies such as Swissport and the Airport Hotel Basel is participating in the project.
The decision of Etihad Airways will also fit into the General cryptographic strategy of the United Arab Emirates. They want to integrate in the framework of a “digital Revolution” crypto and Blockchain in their management. For example, there are projects for the waste disposal on the Blockchain or block chain-based mortgage system in the country.
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