Air France - KLM look to eliminate middlemen with blockchain

Layer 1s • October 4, 2018, 6:43AM EDT
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Air France - KLM signed a partnership with Winding Tree, " a specialist in blockchain-based travel bookings," in order to remove intermediaries from their business processes. The end result they propose is lowered costs for consumers and suppliers -- as well as the airline itself, presumably. Lufthansa had previously signed a similar partnership with Winding Tree in October 2017.

The announcement by Air France - KLM comes as enterprises with large, expensive and complex supply chains look to blockchain ledgers for cost savings and efficiency through speed and transparency. These permissioned blockchain initiatives tend to differ from public blockchains, such as Bitcoin and Ethereum, which provide truly distributed ledgers that are not controlled by any one party or set of parties. (Source: Financial Times)

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Mike Dudas profile picture Mike Dudas

Mike Dudas is one of the founders of The Block and was the CEO until April 2020 and a board member until April 2021. Prior to starting The Block, Mike was co-founder and CRO of Button, the leading global, mobile performance marketing platform. Mike is a builder of mobile commerce businesses, having worked at Google, Braintree/Venmo and PayPal. Early in his career, Mike worked in corporate M&A and strategy for Disney. Mike earned a BA from Stanford and an MBA from Kellogg.

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