The Germn airline, Hahn air claims to be the first airline company to provide tickets on a blockchain, according to the announcement of the firm in a press release on 18th November. The ticket sale using blockchain technology was made possible through the collaboration of Hahn Air with a decentralized platform for the travel industry known as Winding Tree.
The head of sales engineering at Hahn Air, Fredrick Nowotny, Maksim Izmaylov, the founder of Winding Tree, and Davide Montali, CIO at Winding Tree, became the first passengers to use the tickets booked through blockchain.
Commenting on the product, Nowotny said the company’s 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.”
Crypto and Blockchain in the Travel Industry
Digital currencies and blockchain technology have been entering the travel industry steadily, in recent years. Around early November, Alternative Airlines, a travel company that is based in the U.K. partnered with cryptocurrency service Utrust so as to facilitate crypto payment which include Bitcoin (BTC), Ether (ETH), Dash, DigiByte (DGB) and the native token of Utrust known as UTK.
In late October, blockchain startup Zamna raised around $5 million to automate airport security checks by using blockchain and biometrics technology. Zamna said that the International Airlines Group, Emirates Airlines and United Arab Emirates’ General Directorate of Residency and Foreign Affairs are new among its clients.
In an effort to promote tourism more broadly last year, the Australian state government of the province of Queensland issued a grant to crypto startup TravelbyBit as part of over $8.3 million of innovation funding. The aim of the firm is to increase the number of tourists to the province by allowing travelers to book their flights and services through cryptocurrencies.