LUFTHANSA LAUNCHES THE AVIATION BLOCKCHAIN

The German airline, in partnership with the software giant, launches the Aviation Blockchain Challenge.

The goal: to improve efficiency and customer experience.

Lufthansa, Germany’s largest aviation group, has decided to use blockchain technology to improve its services, supply chain and maintenance procedures, as well as customer satisfaction. For this reason, Lufthansa has entered into a partnership with SAP to launch the Aviation Blockchain Challenge.

“Blockchain is one of the game-changing technologies of our time, which we are systematically addressing as part of our digital strategy for the Lufthansa Group. We look forward to discussing innovative solutions and initiating experiments together with our partner SAP at the Aviation Blockchain Challenge,” Thorsten Dirks, member of the executive board of Deutsche Lufthansa AG and in charge of Eurowings and Aviation Services said.

“By combining our aviation industry expertise with the blockchain technology of a world market leader, we are creating the ideal worldwide framework for addressing blockchain entrepreneurs with an affinity for travel and mobility,” he added.

Blockchain technology is mostly used in the shipping industry with a number of global companies such as IBM, Microsoft, Maersk, Walmart working on its research and adoption. The intention of Lufthansa and SAP is to bring the efficiency of this technology to aviation to make everything easier and more interconnected.

Current mobile solutions for decentralised and air transport networks are still at the development stage and have not yet achieved satisfactory results, and the partnership between the two companies should push for the adoption of blockchain technology.

“SAP is excited to partner with Lufthansa on this startup innovation challenge to reinvent the traveller experience, airline operations and supply chain with Blockchain. With our industry-leading SAP Leonardo Blockchain platform and Lufthansa’s market leadership and expertise in Aviation, we can foster a new innovation ecosystem that can potentially transform the entire travel industry,” said Deepak Krishnamurthy, Chief Strategy Officer and Executive Vice President of SAP.

Author: cryptonomist.ch