On 20th July, Lufthansa’s Innovation Hub announced that they will be launching the world’s first ever Aviation Blockchain Challenge. With blockchain technology slowly moving into the realms of almost all mainstream industries, Lufthansa plans to apply the potential and benefits of blockchain technology to the aviation industry with this competition.
Lufthansa has teamed up with SAP.iO Foundry, a Machine learning, and Artificial Intelligence based company that aims to provide enterprise solutions to organizations.
The official blog of Aviation Blockchain Challenge states that:
“We want to attract the world’s most talented Blockchain entrepreneurs by providing the perfect environment to ideate and experiment with new business models. The combination of Lufthansa’s innovation ecosystem and massive industry expertise along with access to SAP Blockchain assets and mentorship will enable you to put your idea in the spotlight.”
The challenge is split into three different rounds:
- The Traveler Challenge
- The Airline Challenge
- The Supplier Challenge
The challenges are a test bed for developers to pitch their blockchain related ideas that will be beneficial to the airline industry. This can range from optimizing the sharing of data across company borders to offering value for travelers with regards to ticket booking.
The supplier challenge is also aimed to ensure that some new ideas come to light with the company citing out examples such as document tracking and digitization of documents.
The idea submissions page is open until the 31st of August where interested participants are required to provide their ideas for selections. Thorsten Dirks, a board member of the Lufthansa Group has stated that:
“Blockchain is one of the game-changing technologies of our time, which we are systematically addressing as part of our digital strategy for the Lufthansa Group. We look forward to discussing innovative solutions and initiating experiments together with our partner SAP at the Aviation Blockchain Challenge.”
This is not the first time that blockchain is being applied in the aviation industry with Boeing announcing their new project a few days back. Boeing had announced that SparkCognition will work with the aviation giant to adopt blockchain in UAV tracking and allocation of flight corridors.
Greg Hysolp, the Chief Technological Officer of Boeing stated:
“We are at a point in history where technological advances and societal trends are converging to demand bold solutions and a different way to travel.”