The first Aviation Blockchain Challenge in the world is being launched by the SAP.iO Berlin Foundry and the LIH or Lufthansa Innovation Hub. The blockchain challenge was created to explore the potential for Blockchain technology in the aviation sector.
The announcement stated the blockchain technology currently employed throughout the financial sector is dwarfed by the potential for the travel scene. The blockchain challenge is attempting to change this by attracting entrepreneurs with blockchain skills from across the globe. They will be provided with the environment to experiment and focus on new ideas.
Thanks to Lufthansa’s innovation ecosystem and rich expertise combined with SAP’s assets and mentorship, even the boldest ideas will have a chance to be realized.
Thorsten Dirks, Eurowings CEO and Lufthansa Group board member, explained why they had decided to organize a competition the following way:
“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.”
“By combining our aviation industry expertise with the Blockchain technology of a world market leader, we are creating the ideal worldwide framework for addressing Blockchain entrepreneurs with an affinity for travel and mobility”.
The blockchain 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 ideas submission phase of the competition will last till the 31st of August, 2018. The shortlisted ideas will be presented at the Lufthansa Innovation Forum in front of senior management from Lufthansa Group and SAP.
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.
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