The Camino Network Foundation has collaborated with Lufthansa Systems and Swiss International Air Lines have teamed up to develop innovative blockchain solutions for the travel industry.
The Camino Network Foundation, airline industry information technology provider Lufthansa Systems and Switzerland’s national carrier helped this goal with a web3-focused hackathon in Frankfurt.
Per an announcement shared with crypto.news, the event brought together experts who leveraged blockchain and artificial intelligence to develop solutions targeted as efficiency, cost-effectiveness and sustainability for the travel industry.
Teams from 13 different travel and tech companies spent 48 hours working on practical, ready-to-use solutions. Participants at the hackathon explored how to tap into the Camino Network blockchain for distribution of flight and travel products.
Topics experts collaborated over included payment methods, carbon dioxide offsetting and access to emerging sales markets.
“The hackathon clearly showed how connections that used to take months can now be established within days. Compared to traditional distribution channels, the new solutions are significantly more efficient – with up to 98% cost savings, as demonstrated by Hotelplan, and up to 50% improved sustainability, as measured by Carbify’s CO₂ analysis,” said Pablo Castillo, chief executive officer of Chain4Travel and initiator of the Camino Network.
Among key presentations was a solution by the Unimoni team, which featured a solution aimed at integrating 300,000 India-based travel agencies to Camino Network.
Meanwhile, the SWISS and Digital Hangar team showcased a web3 travel identity solution, which includes wallet integration and issuance of real-world assets like vouchers and digital services.
“Beyond the many innovative use cases developed during the hackathon, it was particularly impressive to see how the teams successfully integrated LHG flight content into their platforms in just two days. The commercial potential of this technology is promising – especially with faster and more efficient partner integration and significantly reduced distribution costs,” said Mickael Woelcke, project manager at SWISS.
The next steps after the hackathon will see the Lufthansa Group evaluate which hackathon projects can now go into pilot applications.
