The Lufthansa Innovation Hub (LIH) and the SAP.iO Berlin Foundry worked in a joint effort to launch the first ever Blockchain Challenge for the Aviation industry.
The challenge seeks to explore opportunities and drive the adoption of blockchain technology within the airline trade. Owing to the announcement was made public, the applying of blockchain technology in finance is presently dwarfing what’s available in each of the travel and quality scenes.
This challenge can attract the foremost blockchain entrepreneurs from everywhere in the world. Lufthansa’s sizeable R&D system and trade expertise partnered with SAP’s blockchain development expertise and mentorship can see this challenge amongst the foremost promising blockchain challenges giving their business a nice content.
According to Deepak Krishnamurthy, the Chief Strategy Officer, and government VP at SAP this partnership is a new innovation system that may probably remodel the whole travel trade
The New Aviation Blockchain Technology Challenge
The Aviation Blockchain Challenge has been launched by the Lufthansa Innovation Hub and SAP.iO Berlin manufacturing plant. There would be completed three different classes for candidates.
The primary class is the mortal challenge that sought-after concepts on the whole travel chain from booking and buying flights to loyalty programs and field identification. The second class is that the Airline challenge geared towards the blockchain solutions which will improve the airline specific operations and connected processes. The third will be the provider challenge which is concerning concepts that have the potential to rethink the maintenance of an aviation chain.
The winning groups are going to be given access to SAP’s BaaS platform so as to make or improve their most valuable player.
According to the news published in CCN, the participants will be able to utilize Lufthansa’s trade access to any or all major areas of the aviation system to push their projects forward.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]