German airline Hahn Air has become the first carrier to issue a ticket enabled by blockchain technology. The airline offers scheduled and charter flights within Europe, made the announcement on Monday, and the issuance of the airline tickets enabled by blockchain technology is in partnership with Winding Tree, an open-source travel distribution platform.
Hahn Air on Monday flew passengers holding blockchain-powered tickets on its scheduled flight from Dusseldorf to Luxembourg.
Besides flying passengers, Hahn Air is also a distribution solution for travel agents. Using the Winding Tree platform, the airline is able to list inventory, manage the reservation requests, and receive payments once the booking process is complete. As a mode of payment, the airline accepts cash, credit card, or cryptocurrency, either the lif token or ether.
“We at Hahn Air are constantly exploring new technologies and we are proud to now demonstrate our technical capability to issue blockchain-powered Hahn Air tickets. … Our goal is to investigate and monitor the opportunities this technology holds for travel distribution, even if widespread acceptance is still a vision of the future.”
– Frederick Nowotny, head of sales engineering at Hahn Air.
According to Winding Tree, blockchain offers multiple advantages for the process of booking an airline ticket. The platform’s open-source nature enables airlines, travel companies and distribution systems to seamlessly connect and exchange transactions. All market participants can directly interact with each other and perform transactions without intermediaries.
Winding Tree also claims blockchain is “100 per cent secure”. With all of the necessary information stored in a decentralised ledger, such information is verified by millions of sources and cannot be changed or tampered with. The company has established partnerships with airlines and service companies such as Air Canada, Air France-KLM, Hahn Air, Lufthansa, and Swissport.