"Crypto Startup to Disrupt the Travel Industry" ZMA will partner with a major player in the travel space. Be it an Expedia/Priceline or a Giant Reservation system or a Travel Company. Just like Winding Tree and Luthansa. I look for it
in mid to latter part of 2018 as their techcentric modelling goes live and their platform demonstrates traction ...and they IMO get snapped up early cuz their making all the right moves.
Whereas Winding Tree is non profit?
Not so at ZMA.
At ZMA it will be and is all about turning an eventual profit and lots of it.
Stay tuned...cuz their making all the right moves into the space including patent protection granted (provisional) to protect their space and tech from copy cat others while the patent if awaiting full and final approval.
What ZMA is doing with their creation of free standing subsidary
Travel Game Block Chain Inc is disruptive to the sector...as disruptive as anything out there early into this space right now including Winding Tree
Nite all
theRev
Lufthansa Teams Up With Crypto Startup To Disrupt The Travel Industry With Blockchain
The travel industry is in need for disruption.
Searching for the best offers is often a long process, which also contains a lot of fees from middlemen.
Now, a blockchain startup from Switzerland plans to decentralize the market with their Ethereum-based marketplace.
What is Winding Tree?
Winding Tree is a blockchain-based distribution platform for the travel industry.
They aim to create a marketplace for the travel industry where airlines, hotels and other businesses can sell their services directly, without middlemen that make the whole process more complicated and expensive.
Winding Tree aims to offer a B2B platform that prevents double marginalization and inflating the prices, making travel more affordable for consumers and more profitable for merchants.
The decentralized marketplace will provide anyone with access to inventory directly from the suppliers.
The platform will be running on the Ethereum blockchain, through the ERC20 token "Lf"
Winding Tree makes travel cheaper for individual travelers and more profitable for providers.
Winding Tree is a blockchain-based decentralized open-source travel distribution platform. We make travel cheaper for the end user, while making it more profitable for suppliers.
No centralized control means no exorbitant transaction fees and no barriers for entry.
Moreover, we allow small companies to compete with big players, finally bringing innovation back into the travel industry.
Cooperation with Lufthansa & major airlines
Yesterday, news emerged that the Lufthansa Group is cooperating with Winding Tree, and will actually invest in their ICO as well.
CEO of Winding Tree Maksim Izmaylov stated that they will support with Lufthansa to build and test decentralized, blockchain-based travel apps, while Lufthansa on the other hand will integrate its APIs with the Winding Tree platform.
Specifically, Lufthansa is interested in having services like booking, rebooking and traveler itinerary information run on a blockchain.
Both Winding Tree and Lufthansa are considering the cooperation as a win-win.
Lufthansa will be able to explore new technological possibilities with experts from the crypto startup, while Winding Tree will get in contact with experts in the travel industry.
Simply put, in the future, airlines, hotels and other travel service providers will offer their services on Winding Tree’s platform, and companies interested in content will only connect to the B2B blockchain-distributed digital marketplace to present specific offers tailored to their customers’ needs. This will result in a large number of new apps for travelers, who will then be able to book Lufthansa Group flights via the offer that best suits their preferences.
Lf token
The Lf token is the heart of the winding tree platform. It's an ERC20 token that runs on top of the Ethereum Blockchain.
But it will have 3 additional methods compared to basic ERC20 tokens, through which token holders are able to send value, data,
and/or execute a function on those transfers.
This way, additional value and use cases will be brought to the token, enabling companies to create more complex and tailored applications on the Winding Tree platform.
Apart from the technological advantages of Lf, of course there are also the regular benefits of cryptocurrencies as such.
This includes discounted transaction costs and cheap international payments, which is especially important for the travel industry.
The Lf token facilitates transactions on the Winding Tree platform.
Lf is used for payments. In order for an agency (offline or online) to book anything on the Winding Tree platform, they will have to send a certain amount of Lf to the seller.