Air France-KLM Turning to Blockchain to Cut Costs

Air France

The world’s fifth largest (by revenue) airline is joining the ranks of a host of other airlines looking to cut costs and increase customer satisfaction by using blockchain technology. Partnering with blockchain travel company Winding Tree and its clients including Lufthansa, Swiss Air, Air New Zealand, etc.  

Air France -KLM customers will see improved booking experiences, better luggage tracking, less overbooking and even a more efficient loyalty program. Once again the new (relatively) blockchain technology is making a huge impact on a fragmented sector………airlines and travel (sorry, the seats won’t be bigger).
Bill Taylor/ Fintek Capital

“European airline holding company Air France-KLM has partnered with blockchain travel ecosystem Winding Tree. The goal of the partnership is to reduce costs for the company’s customers by cutting out intermediaries.

The alliance has revealed the new deal in a release published on its official website Thursday, Oct. 4.

The world’s fifth largest air company by revenue in 2018, Air France-KLM hopes blockchain will help it provide “a more advantageous travel offer for customers which is more profitable for suppliers, in particular by reducing the number of intermediaries.”
Sonia Barriere, the executive vice president for Strategy and Innovation at Air France-KLM, thinks that blockchain will “revolutionise exchanges within the travel industry” both for customers and companies.

With the new deal, Air France-KLM joins the ranks of other airlines that have previously partnered with Winding Tree…”

Full Story at Cointelegraph