Air New Zealand declared their alliance with decentralized travel platform Winding Tree to look at potential applications of blockchain technology in the airline’s business.
The partnership will examine whether the tech can help with New Zealand’s flag carrier airline’s move to enhance the security and efficiency of services. It will include baggage tracking and ticket booking according to the reports.
Chief digital officer for Air New Zealand Avi Golan revealed that they are eyeing blockchain in cases such as loyalty programs and distribution. He added that while they are still in the process of exploring its benefits, they perceive that blockchain may provide a streamlined way to vend airfares and ancillary products next to their existing channels.
Golan added that through the collaboration, they are hoping to maximize fast and secure sharing of information and merit customers with cut-rate costs.
Air New Zealand did not disclose the amount it would invest in Winding Tree’s token sale (ICO) in January 2018.
In October, Switzerland-based Winding Tree publicized a different partnership with Lufthansa which intends to form a blockchain-based travel marketplace powered by a cryptographic token.
A couple of other airlines are also looking into the use of blockchain technology across the industry.
Russian airline S7 announced in July that they are using Ethereum blockchain to issue air tickets while Air France revealed they are exploring the technology to monitor workflows within its aircraft maintenance systems last month.
Furthermore, air transport IT firm SITA issued a white paper this month outlining how airlines and airports could integrate smart contracts for shared control of data.