Lufthansa has teamed up with the German giant SAP in order to streamline the blockchain adoption in the airline sector.
The largest airline in Germany and Europe – Lufthansa has partnered with the German software company SAP to create a conducive environment for the implementation of advanced technology in the airline industry.
The “World’s First Aviation Blockchain Challenge”
The announcement published on Friday by SAP News Center defines the project as the “World’s First Aviation Blockchain Challenge“. According to it, the Aviation Blockchain Challenge is looking for blockchain-based “groundbreaking ideas” that can improve the services of Lufthansa and SAP as well as bring benefits to the airline industry.
The action comes as a result of the reduced interest in exploring advanced technologies in the airline sector, the two companies pointed out in the statement.
“While many industries have found their first use cases, the impact on the aviation sector is not noticeable yet. We want to change that together with SAP and see substantial potential in our industry to utilize blockchain and other plays of decentralized networks,” Lufthansa stated.
You can compete in three categories
The Aviation Blockchain Challenge is searching for blockchain-based ideas from three perspectives:
“Traveler Challenge”- ideas that can improve the travel chain starting with flight booking and ending with loyalty programs;
“Airline Challenge”- ideas that can boost internal data processing, “for example by optimizing data sharing across company and departmental boundaries”, and
“Supplier Challenge”- ideas that will review the supply chain system, starting with documentation and ending with the transparency of information.
The selected projects will have the chance to benefit from SAP features, including its blockchain-as-a-service platform released in June.
Applications will be approved by 31 August 2018. “Potential candidates then go through a multi-stage selection process. As a first step, the jury will nominate the three best ideas per category for the mentoring program, which starts in September 2018.” The best projects will be announced only in October.
To learn more about the challenge visit the Aviation Blockchain Challenge website.