Hahn Air, one of the German-based ailrine is to issue a real-world ticket enabled by blockchain technology. The first passengers holding blockchain-powered tickets flew on its scheduled flight from Dusseldorf to Luxemburg on November 18.
Frederick Nowotny, Head of Sales Engineering for Hahn Air mentioned that Hahn Air believes in constant exploration of new technologies and they are proud to demonstrate their advanced technical capability and issue blockchain-powered Hahn Air tickets.
Blockchain is a system that records transactions made in bitcoin, or another cryptocurrency, and are maintained across a peer-to-peer network. First emerging as the system powering bitcoin, Blockchain now serves as a shared database maintained by a network of computers.
Blockchain is open-source, meaning all market participants such as airlines, travel companies and distribution systems can easily connect and exchange transactions. All of the necessary information is stored in a decentralised ledger, which is verified by millions of sources and therefore cannot be changed or tampered with.
Tags: Blockchain technology, German airlines, Hahn Air, pandemic, travel and tourism
