Software giant SAP has collaborated with major airline Lufthansa to start a blockchain competition intended to boost blockchain adoption in the airline industry.
Declared on Friday, the Aviation Blockchain Challenge seems to be for “groundbreaking concepts” for blockchain software that may drive the airline industry and lead on to pilot programs supported by SAP and Lufthansa.
The initiative comes as a reply to the limited efforts being made currently to explore potential use cases for blockchain in the aviation industry, the two companies stated in the announcement.
Lufthansa stated:
“While many industries have discovered their first use cases, the impact on the aviation sector is not noticeable yet. We need to change that together with SAP and see substantial potential in our industry to use blockchain and other plays of Decentralized networks.”
Particularly, the competitors is in search of ideas for blockchain functions in three main areas: flight reserving/buying and loyalty applications; inner information processing; and provide chain use instances involving third celebration suppliers.
Blockchain startups whose concepts are finally chosen will probably be capable to advance to pilot initiatives and launches of minimal viable merchandise utilizing SAP’s blockchain-as-a-service platform, launched in June.
With an initial deadline submission deadline of the end of August, Lufthansa stated the final pitches for the best ideas will happen in Germany in October later this year.
Lufthansa has been looking for easy methods to put reservations and passenger info on a distributed community by means of cooperation with an Ethereum blockchain-based startup.
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