Posts Tagged ‘aviation’

Currently, the provenance of each component part in the life cycle of an aircraft is hard to track. This contributes to the complexities that arise in the operation, maintenance, and the eventual disposal of each individual plane.

Source: Boeing Improves Operations with Blockchain and the Internet of Things – Cloud Foundry Live | Altoros

Although there are a few disadvantages associated with using digital currency as a means of trade, it poses advantages in eliminating the numerous costs imposed by intermediaries. Further, it is a secure form of currency as each user is in control of their money and there is less economic risk associated with trading with digital currencies.

Source: Digital currency in aviation financing – Newsletters – International Law Office