Today Air France-KLM said it has entered into a partnership with
Winding Tree, the blockchain platform that aims to reduce the number of intermediaries in travel sales.
The airline noted its long-standing commitment to innovation and is pleased to be one of the first airlines on the platform. Winding Tree’s existing airline partners include
Lufthansa and subsidiary Eurowings, Swiss Air,
Swissport, Brussels Airlines, Austrian Airlines, and Air New Zealand.
Winding Tree aims to open up the currently concentrated travel market. They point to Priceline, Expedia and their subsidiaries controlling 95% of the online travel agency market. And Amadeus, Sabre, and Travelport combined have a 99% market share for non-direct airline tickets.
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