Share this article
Lufthansa, SAP Competition Seeks Ideas for Blockchain in Aviation
Lufthansa has partnered with software giant SAP to launch a blockchain competition seeking ideas for blockchain applications in the airline industry.
By Wolfie Zhao
Updated Sep 13, 2021, 8:12 a.m. Published Jul 23, 2018, 9:30 a.m.
Make us preferred on Google
Major airline Lufthansa has partnered with software giant SAP to launch a blockchain competition aimed to boost blockchain adoption in the airline industry.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Friday, the Aviation Blockchain Challenge seeks "groundbreaking ideas" for blockchain applications that can advance the airline industry and lead on to pilot programs assisted by Lufthansa and SAP.
The initiative comes as a response to the limited efforts being made currently to explore potential use cases for blockchain in the aviation industry, the two firms said in the announcement.
"While many industries have found their first use cases, the impact on the aviation sector is not noticeable yet. We want to change that together with SAP and see substantial potential in our industry to utilize blockchain and other plays of decentralized networks," Lufthansa said.
Specifically, the competition is looking for concepts for blockchain applications in three major areas: flight booking/purchasing and loyalty programs; internal data processing; and supply chain use cases involving third party suppliers.
Blockchain startups whose ideas are eventually selected will potentially be able to advance to pilot projects and launches of minimum viable products using SAP's blockchain-as-a-service platform, launched in June.
With an initial submission deadline of the end of August, Lufthansa said the final pitches for the best ideas will take place in Germany in October later this year.
Lufthansa has been exploring how to put reservations and traveler itinerary information on a distributed network through a partnership with an ethereum blockchain startup since October 2017.
Lufthansa image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Meta and Microsoft continue going big on AI Spending. Here's how bitcoin miners could benefit
In its fourth quarter earnings report, Meta said capital spending plans for 2026 should be in the range of $115-$135 billion, well ahead of consensus forecasts.
What to know:
- Fourth-quarter earnings results from Microsoft (MSFT) and Meta (META) suggested no slowdown in AI-related spending.
- Microsoft highlighted that AI is now one of its largest businesses and pointed to long-term growth.
- Meta projected sharply higher capital spending in 2026 to fund its Meta Super Intelligence Labs and core business.
Top Stories
