Blockchain-Based Cryptocurrency Used as Compensation for Flight Delays

In 2016, airlines in Europe paid more than 5 billion Euros in compensation for flight delays or cancellations, and this number is growing exponentially. According to a report, the project aims to minimize money losses, as companies participating in the tourism industry will have mutual obligations, like those they have for the award miles programs. The cost of this new cryptocurrency will be lower than the declared value, which will allow carriers to save tens of millions of Euros annually.

Source: Blockchain-Based Cryptocurrency Used as Compensation for Flight Delays