Air France-KLM signs up blockchain partnership

Air France-KLM said it was exploring ways to use blockchain-based technology to cut costs for flyers and increase profits for suppliers by cutting out middlemen. The airline said it had signed up a new partnership with Winding Tree, a specialist in blockchain-based travel bookings, to help test and develop Winding Tree’s technology. Blockchain is a technology which allows for information storage and transmission without a central control body. It makes it possible to carry out transactions between two parties, without intermediaries. AF-KLM said it hoped the partnership would provide “a more advantageous travel offer for customers which is more profitable for suppliers, in particular by reducing the number of intermediaries.” The move follows a similar deal between Lufthansa and Winding Tree in October last year. <br/>