Official Press Release
Winding Tree will implement Zeppelin’s and RSK’s technology to maintain safe and reliable scalability, as well as become the first Ethereum token fully integrated with RSK.
GIBRALTAR, January 29, 2018 — Winding Tree, the blockchain-based travel distribution platform, announces today a strategic partnership with both Zeppelin_OS and RSK, two technological leaders in the blockchain world. Both of these partnerships will help Winding Tree stay at the forefront of scalability, security, and privacy in the blockchain sphere ensuring that future solutions or improvements will be backwards compatible with the Winding Tree platform. Winding Tree removes third party intermediaries, in order to bring innovation back into the travel industry, while at the same time significantly reducing costs for consumers. Winding Tree has already announced partnerships with top travel related names such as the Lufthansa Group, Air New Zealand, Nordic Choice Hotels, and Aruba’s ATECH Foundation to bring blockchain technology to travel.
Zeppelin_OS is an open framework of reusable and smart contacts that helps reduce the risk of vulnerabilities in blockchain applications by using standard, tested and community-reviewed code. Zeppelin has recently announced Zeppelin OS, a set of smart contracts maintained and governed by a community where everything will be on chain: upgradeable contracts, a governance platform, scaling solutions and more. With Winding Tree already having such features planned for its platform, the partnership will allow for collaborative resources to be spent on the development of the open-source smart contracts.
RSK is the first open-source smart contract platform powered by the Bitcoin network, with a goal of adding value and functionality to the Bitcoin ecosystem. Winding Tree’s platform will be the first Ethereum token usable across both the Ethereum and Bitcoin network thanks to the RSK partnership. RSK has some very promising scalability solutions for the bitcoin blockchain, the RSK network can already process 100 txs per second, five times more than the current ethereum network. Winding Tree will also be releasing its demo app on top of the RSK network.
These partnerships will further Winding Tree’s goals of decentralizing the travel industry, which is currently dominated by two main companies, Priceline and Expedia. Because they have such a strong hold in the travel market, the prices are controlled in their favor. High distribution fees force airlines and hotels to charge potential customers higher fees. The dominance and interference of these intermediaries is stifling not only the expansion of travel innovation startups, but also is hindering the ability of consumers to find fair and affordable travel deals. Winding Tree’s blockchain-based travel platform makes travel more accessible and cheaper to the traveler and the travel provider, removing any high fees these third parties impose.
Winding Tree has dedicated itself to the reorganization of travel distribution. The platform offers a decentralized B2B marketplace system that drives blockchain-based travel booking transactions. In the future, airlines, hotels and other travel service providers will offer their services on Winding Tree’s platform to give direct access to potential travellers without the inefficiencies caused by many intermediaries.
“We are thrilled to announce our newest partnerships with Zeppelin_OS and RSK, as they will further our goals of staying at for the forefront of technological innovation on the blockchain.” said Maksim Izmaylov, Founder and CEO of Winding Tree, “Winding Tree has dedicated itself to decentralizing the travel industry, and these partnerships are strategic in ensuring that goal.”
Founded in 2017, Winding Tree is a blockchain-based, decentralized, open-source travel distribution platform striving to make travel cheaper for the end user, while making it more profitable for suppliers. An open market with open competition means no exorbitant transaction fees and no barriers for entry. Moreover, Winding Tree allows small companies to compete with big players, finally bringing innovation back into the travel industry.
zeppelin_os is an open-source, distributed platform of tools and services on top of the EVM to develop and manage smart contract applications securely.
RSK Labs is the company behind the Project codenamed RootStock, a smart contract platform with a 2-way peg to the Bitcoin Blockchain. RSK founders have been actively involved in the Bitcoin ecosystem and smart contract development since early 2013. The company was founded in 2015 and its initial white paper was later published on December 2015.
Maksim Izmaylov, Founder and CEO
Jakub Vysoky, Founder and CTO
Pedro Anderson, Founder and COO
Augusto Lemble, Founder and Blockchain Architect