Posts Tagged ‘aviation’
What Honeywell’s Ecommerce Platform Means For Blockchain In Aviation | Forbes
In 2015, the Federal Aviation Administration accused the American Airlines of committing maintenance fraud. The issue was reported by mechanics working in American Airlines who noticed “aircraft maintenance discrepancies in accordance with required manuals, procedures and the Federal Aviation Regulations.” If a blockchain technology was adopted, chances for such deviations could be minimal (if not…
Read MoreAir Canada to Integrate Blockchain-Based Travel Distribution Platform
“Air Canada recognizes the importance of leveraging this next generation technology. We plan to integrate Air Canada’s Direct Connect API with Winding Tree’s public blockchain platform, giving blockchain-savvy users the ability to access our content directly from the source.”
Source: Air Canada to Integrate Blockchain-Based Travel Distribution Platform, Ana Alexandre, October 24, 2018
Read MoreBlockchain for Airlines and Aircraft Leasing | LinkedIn
The aircraft leasing industry is one of the fastest- growing industries globally. A number of factors have resulted in this growth, including but not limited to, a year- on-year increase in passenger traffic, the rise of low-cost carriers (LCC) and the growth of the APAC market.
Given the nature of this capital-intensive industry, it is interesting to note some of the antiquated systems and practices, which are still commonplace. For example, the maintenance of an aircraft is a process that uses cumbersome databases at best and, at worst, a paper- based system prone to losses and errors throughout.
With the rapid rise of digital technologies in other industries, it seems only a matter of time until the aircraft leasing game is affected. To that end, this article will explore the potential benefits of adopting Blockchain technology in the aircraft leasing industry and assess a number of potential use cases, which have a truly disruptive potential for all stakeholders involved.
Source: Blockchain for Airlines and Aircraft Leasing | LinkedIn, Hans Casteels, IBM | September 4, 2018
Photo by Mircea Iancu from Pexels
Read MoreLufthansa Group and SAP launch Aviation Blockchain Challenge | Marketing Interactive
“By combining our aviation industry expertise with the blockchain technology of a world market leader, we are creating the ideal worldwide framework for addressing blockchain entrepreneurs with an affinity for travel and mobility,”
Source: Lufthansa Group and SAP launch Aviation Blockchain Challenge | Marketing Interactive, Farzanah Farveen, July 20, 2018
Read MoreTravel industry eyes blockchain potential for fees, delays, lost bags
Reducing commission fees, which can reach up to 25 percent of the price of a hotel room for example, is an ongoing battle, as is access to customer data, with some airlines complaining that they don’t get passenger contact details from third parties, crucial when delays occur.
Source: Travel industry eyes blockchain potential for fees, delays, lost bags Victoria Bryan, Reuters | April 10, 2018
Read MoreSingapore Airlines to Launch Blockchain-Based Loyalty Wallet – CoinDesk
In an announcement on Feb. 5, Singapore Airlines (SIA) said it will launch a digital wallet for its frequent-flyer KrisFlyer program in six months that will be powered by a private blockchain.
According to the airline, the blockchain-based wallet will enable members of the program to spend their air miles at retail partners for point-of-sale transactions.
Source: Singapore Airlines to Launch Blockchain-Based Loyalty Wallet – CoinDesk, Wolfie Zhao, Feb 5, 2018
Thanks, Frédéric Dionne!
Read MoreSurf Air Joins the Growing List of Private Airlines Accepting Bitcoin | Bitcoin News
Similarly, bitcoin users are a tremendously motivated community of early adopters. By creating connective tissue between these forward-thinking business models, I believe we’re molding the future for consumer-first, experience-driven commerce.
Source: Surf Air Joins the Growing List of Private Airlines Accepting Bitcoin | Bitcoin News, December 7, 2017, Jamie Redman
Read MoreStar Jets International Now Accepts Bitcoin Payments – Bitcoin News
Furthermore, customers have access to over 5,000 jets domestically and roughly 15,000 across the globe. The company allowing bitcoin transactions may now open up a new realm of possibilities for the company along with a new customer base.
Along with accepting bitcoin, these steps seem geared toward increasing the profitability of the company and keeping it competitive in the digital age.
Source: Star Jets International Now Accepts Bitcoin Payments – Bitcoin News, October 20, 2017, Sterlin Lujan
Read MoreJapanese Airline Accepts Bitcoin As Cryptocurrency Fever Spreads Across the Region – Bitcoin News
The Japanese Peach Aviation will join other global airline services that accept bitcoin for flight tickets like the Latvian airline, Airbaltic, LOT Polish Airlines, and more. Alongside this, bitcoin businesses like Coincheck and Bitflyer aim to sign up thousands more Japanese merchants this summer. As bitcoin fever takes hold in the country, Japanese residents from the region and international travelers will be pleased to know they can fly to over 22 destinations across Asia utilizing bitcoin as a form of payment.
Source: Japanese Airline Accepts Bitcoin As Cryptocurrency Fever Spreads Across the Region – Bitcoin News, May 22, 2017 | Jamie Redman
Read MoreIBM’s Stellar Move: Tech Giant Uses Cryptocurrency in Cross-Border Payments – CoinDesk
Perhaps the platform’s most distinguishing characteristic, however, is that the project showcases how private and public blockchain technologies are increasingly being used in tandem. While IBM’s blockchain solutions are designed to complete much of the workflow around transaction clearing, the actual settlement will be conducted using Stellar’s blockchain.
“For the first time, blockchain is being used in production to facilitate cross-border payments in multiple integrated currency corridors,” Bell said.
Source: IBM’s Stellar Move: Tech Giant Uses Cryptocurrency in Cross-Border Payments – CoinDesk, Michael del Castillo, October 16, 2017
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