New Zealand Airlines study Blockchain

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The report will consider whether technology can enable the airline carrier of the New Zealand to improve the security and efficiency of services, including tracking luggage and booking tickets.

The airline is also monitoring blockchain elsewhere, citing options such as loyalty programs and distribution, according to Avi Golan, chief digital officer of Air New Zealand.

Thanks to the partnership, Golan added that the airline hopes to take advantage of fast and safe sharing of information, as well as to benefit customers by providing lower costs.

Air New Zealand has also reported that it is investing an undisclosed amount in the token sale of Wooding Tree (or ICO), scheduled for January 2018.

The Swiss Winding Tree, announced another partnership with Lufthansa in October, whose goal was to develop a blockchain-based travel market powered by a cryptographic token.

Other airlines are also looking after blockchain technology for industry-wide use. In July, Russian airline S7 revealed that it was using the ethereum blockchain for the issuance of air tickets, while Air France announced last month that it was investigating the technology to track work processes in its aircraft maintenance systems.

In addition, at the beginning of this month, SITA, an air transport IT firm, published a technical paper detailing how airlines and airports could use smart contracts for joint data management.