< PrevNext > "Satoshi Nakamoto," Blockchain creator Man of Mystery By JoAnn DeLuna / December 14, 2017 / Contact Reporter Share If the hype is to be believed, blockchain will revolutionize the travel industry by replacing existing distribution and payment methods, making processes cheaper by cutting out middlemen like the inveterate global distribution systems and banks. By design, blockchain has the power to decrease fraud, speed the transmission of data and payments and improve traveler tracking.In 2016, T&E management provider KDS was one of the first companies in the business travel industry to accept bitcoin, which is the first major use of blockchain technology. Travel management company Gant followed KDS in September of this year. Both wanted to be ready when demand from clients emerged. Blockchain startup Winding Tree partnered with Lufthansa in October and plans to launch a blockchain-based hotel and airline distribution products.In July, Innfinity Software Systems said it would redevelop the back end of its online booking tool using blockchain. Senior developer Jonathan Carmody said blockchain would enable clients to link content and offerings in new ways that aren't currently possible. ShoCard is developing a traveler identification method to connect other identification data like passport and I.D. information and improve airport security and traveler tracking. AirPlus CEO Patrick Diemer said the payments company had been examining the technology, American Express and Visa each plan to implement blockchain for crossborder B2B payments and Mastercard has filed a patent application with the U.S. Patent and Trademark Office for its own blockchain solution.There's a sense that the travel industry and indeed the larger economy are on the brink of something. We just don't know quite what yet. Nor do we know who started it all. The identity of the technology's creator, is unknown. The first papers describing bitcoin were published on a cryptography mailing list in 2008 by Satoshi Nakamoto. However, no one has confirmed the person's true identity and some even consider the name to apply to a group of people even though Nakamoto has self-identified as a Japanese man born in 1975.