Growing Airline Interest From The Blockchain Council
Blockchain is an interesting development in commerce and currencies. Increasingly, further developments such as Smart Contracts and other types of Blockchains are beginning to resonate in aviation. Enjoy this article from the Blockchain Council that discusses early use possibilities in the airline industry. For example, Lufthansa is already exploring the possibilities with their Blockchain for Aviation (BC4A) initiative. Here’s a quote from the article:
“When it comes to the aviation industry, then the area where you can find this technology creating wonders is the maintenance process. Functions like flight operations performance monitoring, aircraft components, Maintenance Repair and Overhaul (MRO) can reap benefits from this technology. Providers could also benefit from the use of this technology. An example of this is the Blockchain for Aviation (BC4A) initiative by Lufthansa Industry Solutions. Compiling potential applications of Blockchain in aviation and creating common parameters of use is the prime objective of this application.”
Avi8ion provides MRO Network.com’s view of this growing use case.