The US airline giant will leverage the Ethereum-based Winding Tree marketplace to deliver a less frictionless travel experience to its customers.
The renowned American airline with an international presence, American Airlines, will start to take advantage of technology Blockchain to share flight data securely and immutable with your users.
Winding tree, a decentralized travel marketplace based on Ethereum, announced on Tuesday a new partnership with American Airlines that will allow travelers to access updated and decentralized information about their flights. As reported Reuters, the agreement with the platform will allow one of the largest airlines in the US to dispense with intermediaries for the registration of information.
Through collaboration, the largest corporate travel buyers in American Airlines will have access to the market of Winding tree to make reservations for your trips directly. Additionally, travelers will also be able to receive cheaper personalized booking options.
The general director of distribution and digital of American, Neil Geurin highlighted in this regard that Winding tree will provide the company’s customers “a frictionless approach”To access travel accommodations. Geurin added:
We are always looking for innovative ways to provide our customers with access to American content in the way that is most convenient for them.
American partners with Winding Tree
In accordance with Reuters, travel agents and corporate travel reservations now obtain their flight and accommodation data from global distribution systems (GDS) such as Amadeus and Saber, which employ real-time inventory technology. Now, with the help of the blockchain platform of Winding tree, companies in the tourism sector such as airlines and hotels will be able to publish their available inventory directly for the knowledge of their customers.
Launched in 2017, Winding tree says it aims to make travel cheaper for consumers and more profitable for providers. Its platform allows people to carry out transactions without incurring third-party fees and also ensures that it adapts to all types of companies within the travel industry.
Winding tree says that by dispensing with intermediaries, it has found a way for travelers to avoid the high fees charged for hotel services. While it still incurs a fee, it ensures that it is not comparable with current services such as Expedia, Booking.com and Airbnb, which can range between 10% and 30%. Pedro Anderson, COO and Co-Founder of Winding tree, highlighted in this regard:
While the market connectivity is generic, the Ethereum blockchain ensures that each relationship is unique to the private agreement between the seller and the buyer, allowing for personalized content pricing between the two parties.
Airlines Take Advantage of Blockchain Technology
American it is the largest passenger airline in North America. In 2019, before the coronavirus pandemic, the company’s passenger traffic peaked near 215.2 million. And despite the impact of the health crisis, the airline still provided trips to more than 95 million passengers during 2020.
The company ad last month it had registered a net profit of USD $ 169 million during the third quarter of 2021. It also reported an income of 9,000 million dollars, which represents an increase of 20% compared to the previous quarter.
In addition to American, Winding tree It has also signed several agreements with other prominent airlines. The growing list of partners includes Air Canada, Air France-KLM and Lufthansa, with its many European subsidiaries such as Eurowings and Swiss Air Lines.
Meanwhile, several reports they suggest that most airlines around the world are implementing pilot or research projects with the aim of integrating technology Blockchain. The agreement of American Airlines to adopt the platform Blockchain shows how large companies in the sector are exploring broad solutions such as reducing intermediaries and fares, selling tickets and tracking flights and / or luggage through decentralized technology.
Hannah Estefanía Pérez’s version / DailyBitcoin
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