One of Europe's largest airlines is partnering with a blockchain
travel platform as part of a bid to explore possible applications of the
technology.

 Announced today, Lufthansa Group has entered into a deal with Swiss
startup Winding Tree, a decentralized business-to-business marketplace
built on the ethereum blockchain.


As a result of the deal, Maksim Izmaylov, CEO of Winding Tree, said
the startup will assist Lufthansa in building and testing decentralized,
blockchain-based travel apps that meet the requirements of airlines,
while Lufthansa will integrate its APIs with the Winding Tree platform.


Reinhard Lanegger, senior venture development manager at the
Lufthansa Innovation Hub, told CoinDesk, that, specifically, Lufthansa
is interested in exploring use cases that would put booking, rebooking
and traveler itinerary information on a blockchain.


In
short, he said both Lufthansa and Winding Tree see the partnership as a
win-win – one that allows Lufthansa exposure to new technology experts,
and Winding Tree access to experts in the field.
Lanegger said:

"We want to provide [Winding Tree] expertise."

Token investment

The new partnership goes a step further, though, bringing Lufthansa into the trendy world of initial coin offerings
(ICOs), the term denoting how startups are now leveraging custom
cryptocurrencies as a way to fund early-stage startup development.
Notably, as part of the partnership...continue reading: https://www.coindesk.com/ready-takeoff-lufthansa-strikes-deal-blockchain-ico-startup/