Continuing on the articles on applications of blockchain technology, I share the latest information from Canada.
Air Canada, the most important airline in Canada, will be associated with the Swiss company Winding Tree with the aim of reducing the costs borne by the company's customers by eliminating intermediaries. This is the second airline that is associated with Winding Tree since previously the European air holding company Air France-KLM had also been associated with this initiative.
Winding Tree is a company that aims to offer a decentralized market in the travel industry, mainly by creating a tokenized economy that solves the currency exchange problem and the commissions charged by intermediaries.
Winding Tree is a non-profit foundation and will promote the development of open source protocols to allow any company, large or small, or even an individual developer to integrate into the decentralized platform. Its main purpose is to develop software projects, data exchange standards and infrastructure with the aim of advancing the digitalization and decentralization of the travel industry.