SWISSPORT SIGNS LETTERS OF INTENT WITH TWO BLOCKCHAIN TECHNOLOGY START-UPS
Swissport International AG, the global leader in airport ground services and air cargo handling, signs letters of intent with two start-up companies “Winding Tree” and “Olam” to explore potential of blockchain technology.
Swissport and Winding Tree, a blockchain-based travel distribution platform, aim to jointly explore the potential of distributing Swissport’s existing travel services and new offers. Blockchain will allow any provider to tap into Swissport’s inventory through Winding Tree. While the focus will initially be on distributing classic ancillary travel services to independent travellers, like airport lounge access for example, blockchain can facilitate an efficient distribution of additional services to individuals and corporate clients in the longer term. Among Winding Tree’s travel industry partners so far are airlines and hotels. Swissport will be the platform’s launch partner for ancillary ground travel services.
“Blockchain allows us to reimagine how we work with our partners in the complex aviation and logistics ecosystem,” says Florian Eggenschwiler, who oversees Swissport’s innovation unit. “We expect to see lasting benefits from this technology for fragmented global industries like aviation services and supply chain. It will likely change how service providers, clients and partners will transact with each other. We want to get familiar with such technologies early in the innovation cycle and partner with technology leaders to explore its potential in our business for a variety of use cases.”
Swissport is also studying the benefits of blockchain for its cargo handling business, where tracking and documentation are of key importance. The company therefore intends to start a pilot phase with Olam, a non-profit foundation, dedicated to developing an open-source platform for supply chain partners. This platform should enable these to collaborate in a decentralized, but secure and trust-enabled environment.
Hendrik Leyssens, Head of Global Cargo Operations states: “Thinking beyond traditional messaging, blockchain could eventually become the new standard allowing us to overcome the chronic lack of transparency, which is typical for fragmented supply chains. Blockchain could speed up transactions, enhance transaction security and at the same time unlock cost savings.
Swissport International AG, on behalf of more than 850 client-companies, provides best-in-class airport ground services for some 265 million passengers annually and handles approximately 4.7 million tonnes of air cargo at 133 warehouses world-wide. Several of its warehouses have been certified for Pharmaceutical Logistics by IATA’s CEIV. With a workforce of 68,000, the world’s leading provider of ground and air cargo services, is active at 315 airports in 50 countries across all five continents. In 2017 the group generated consolidated operating revenue of EUR 2.8 billion.
Swissport International AG
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