Air Canada Joins Blockchain Platform

[ngm22585]

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 Tree’s 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 Tree’s 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 Canada’s Direct Connect API with Winding Tree’s 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!

[ruybanoya]

blockchain can solved data.

[bitfocus]

That is a very good news, Air Canada adopting Blockchain will give a positive vibe to Airline Business for Blockchain.

[Anatoly339102]

I think that the blockchain is necessary for the air industry. We know several projects like Aeron. I hope other airlines in the world will understand the benefits of blockchain.

[Vod]

This is plagiarism.

You cannot steal another person's work without giving them compensation.

You are allowed to copy a couple paragraphs at the most - not the entire article.

[jhayness18]

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 Tree’s 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 Tree’s 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 Canada’s Direct Connect API with Winding Tree’s 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.

[enogheghase123]

the blockchain technology is the new thread, so for any business to stay competitively relevant, it has to key into and adopt the blockchain technology, and i believe that's what canada air discovered and decided to join the thread, this is a good news for blockchain, and i believe this is just the beginning for blockchain, as it will receive more and more adoption in the near future.

[Crardod33]

Blockchain technology has a lot to offer in the world of airlines. Scheduling and queuing can be easily done, thus achieving efficiency. This could be a standard for every airline companies.

[Kailawyn6]

It is a great news to see that Air Canada has joined blockchain platform. Blockchain has many potentials that can help the airline industry like it is doing to aeron. Hope to see many others joining blockchain shortly.

[Belaven77]

Blockchain has a lot to offer to the airlines. Ticketing system, protecting data and maintainance are very important and blockchain technology can do them perfectly. So Air Canada joining blockchain platforms is a good choice.

[Haaowyn10]

With the huge amount of data associated with airliners, it is mandatory to deploy tool that is large in scalability. Blockchain is the solution truly. With these data making avialable to third party platform, numerous services would actually be avialable for people. Air Canada is thinking one step ahed in the business.

[Thomson-Winter]

It is good news because more and more people are learning, and many organizations understand the value of bitcoin and participate in it. It is also a testimony to our beliefs, and criticizes bad ideas about bitcoins. If it's not really good, is it that big companies like Air Canada are involved?

[OSEIBOATENG]

The blockchain has been designed in such a way that anything can be managed on it. Now so many industries has integrated the blockchain  with their products and its moving on. These are some of the of the things the ecosystem are looking out for.

[rumexx]

This is an awesome news and a strong point for blockchain technology. Air Canada joining other world air transportation leaders to embrace blockchain is a plus to the efficient ticketing and management of the Air Canada operations. Blockchain will impact on astute management of the airline business and drive towards making the Air line more profitable as and business oriented. The next move will be adoption of bitcoin and accepting same for ticketing.