Zurich-based Blockchain Platform To Set Up Cooperation With Etihad
Zurich-based blockchain travel platform Winding Tree announced cooperation with Etihad Airways. Previously they started working with Lufthansa, Air France-KLM and Swissport.
According to Company’s Blog, Winding Tree is an open-source ecosystem of smart contracts, interoperable API standards, and harmonized data structures that enable decentralized distribution and discovery of travel products and services. Winding Tree is a decentralized platform (like Internet). Suppliers can show their products and services without going to intermediary.
Winding Tree’s market place allows airlines and hotels to publish available inventory to customers directly.
Etihad says they gained new opportunities using Winding Tree’s solutions:
“Few people decided to blow up the familiar world of sales systems, as large high-margin players sought to make this market a kind of closed club for the elite.”