Why ZMA could be a big winner in the blockchain sweepstakesThis is why in my assertion and review of the landscape and reading 3 different white papers from three different sources on the effects of blockchain the in travel industry it seems obvious to me how and why Zoomaway going into this transformational year of 2018 and beyond ...wins or has an odds on chance of winning with what its developing and how its positioing with blockchain and the blockchain techno centric apps/platforms that develop off it from cypto to smart contracts ...Zoomaway is doing all the right things at the right time as bellweather convergence is coming in to scoop up smaller startups vs developing the time and resources to develop these disruptive technologies that are changing the sector...on their own.
In the Ether
Lufthansa is testing the Ethereum platform for distribution
The panel also outlined newer blockchain technologies that are more suitable to the travel industry. O’Sullivan said: “You have public blockchain, like bitcoin. Bitcoin is truly distributed, it shares value around. Also there’s Ethereum, which can operate in private mode, and it has smart contracts. That’s generating a lot of excitement.” (Zoomaway is using Ethereum-theRev)
Lufthansa is one company that has opted to trial Ethereum, and last month announced a partnership with Switzerland-based start-up Winding Tree, which provides a “decentralised B2B marketplace system powering blockchain-based travel booking transactions”. And Tui has developed its own smart contract-enabled blockchain, called BedSwap.(ZMA is developing and incorporating smart contracts into their model-theRev)
O’Sullivan said he believed that most innovation would come from the financial industry. “Enterprises need a pit of privacy, as well as being accessible, so there are also r3 and Hyperledger [operating systems] – that’s where most investment will be,” he added. “And don’t think ‘how can I fit blockchain into my business?’ Think instead about your business processes: how do I reengineer my processes?” (the shift...migration to blockchain-theREV)
De Bono added: “We are in such early days, but we are focusing on intelligent uses, for example baggage, when people need to share information. We’re looking at limited-use cases, to get it right.” (this is why the majors will snap up companies with good to great blockchain/crpto/smart contract technology like what ZMA is in the cross hairs of rolling out-theRev)
With global distribution a key aspect of the travel industry, companies cannot afford to ignore the new wave of blockchain platforms. Despite being several years away from maturity, there’s little doubt blockchain will return as another hot topic at next year’s WTM London.