HotcryptoNews
  • Home
  • Activity
  • News
  • Article
  • About
  • Contact
  • Log In
  • Register

HotcryptoNews

  • Home
  • Activity
  • News
  • Article
  • About
  • Contact
  • Log In
  • Register
0

 

Article

Takeoff: Airports Plenty Interested in Blockchain Applications, Study Reveals

by Irene Loke October 10, 2018October 9, 2018
Posted by Irene Loke October 10, 2018October 9, 2018
Takeoff: Airports Plenty Interested in Blockchain Applications, Study Reveals

Article By Jimmy Aki

A new study has shown that the blockchain technology appears to be gaining traction, and attention in the airline industry. Per reports from airline focused magazine, Airport World, data from SITA Lab has revealed that blockchain technology attracted the most research attention in the industry in 2018.

SITA, a technology research company responsible for stimulating technological revolution by collaborating with airlines, airports, and technology specialists globally—opined that distributed ledgers are more efficient and give an advantage when it comes to rendering airline services such as passenger identification, ticketing and more.

The magazine quoted Gustavo Pina, director at SITA Lab, who argued that one of the biggest obstacles preventing a “seamless passenger journey” are the “siloed processes” that they have to scale through on a regular basis.

“They act as significant speed bumps at every step of the way. By collaborating as a single industry, we can smooth that journey and blockchain is one of the technologies that have the potential to make that possible. This explains the industry’s significant interest in it,” he stated.

The study by SITA also revealed that both airlines and airports had found exciting use cases for the blockchain from the rollout of passenger tokens to frequent flyer programs (34%) and e-tickets (31%). 59% of airlines have also put in place blockchain research programs to be implemented by 2021.

To increase the research on the potentials of employing blockchain technology, SITA announced earlier in June its intention to launch The Aviation Blockchain Sandbox. “Through this collaborative innovation we will accelerate the learning for all and have already significant interest in pursuing cross-industry initiatives through the Aviation Blockchain Sandbox initiative,” Pina had stated in the announcement.

However, while some airports are still sitting on the fence on adopting the technology, others have begun to employ the use of blockchain technology in their operations.

Brisbane International leads the line for the adoption of the technology, as individuals traveling to Australia can now spend various cryptocurrencies at the Brisbane International Airport. In the same vein, Amsterdam Schiphol Airport installed an ATM that lets passengers convert their euros into bitcoin or ethereum.

Dubai International airport, took it a step further last year when it announced its intention to employ a passport-free entry into the city. It signed an agreement with UK-based blockchain startup ObjectTech, who partnered with Dubai’s Immigration and Visas Department to develop a solution that combines biometric verification with blockchain technology.

Featured image from Shutterstock.

airline industryblockchain technology
0 comment
0
FacebookTwitterGoogle +Pinterest
Irene Loke

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

previous post
Good Money’s Master Plan: A Stealth Bid to Get Celebrities Promoting Crypto
next post
Dash Price Analysis: Is The Consolidation Period Nearly Over For DASH?

related articles

World’s Largest File Sharing Protocol, BitTorrent Is Launching...

January 6, 2019

7 Facebook, Amazon, Apple, Netflix and Google Staffers...

November 20, 2018

Bankers Raise Concerns Over Robinhood’s New Saving Accounts

December 20, 2018

Blythe Masters Looks Beyond Finance for Next Wave...

August 8, 2018

XinFin Community

January 4, 2019

U.S. Department Of Homeland Security Is Offering $800,000...

December 9, 2018

Reddit: Community Feels Scammed By Tron TRX, 85%...

April 23, 2019

Is France The Sleeping Giant Of European Blockchain...

April 17, 2019

TKO: Floyd Mayweather, DJ Khaled Knocked out by...

December 1, 2018

Losing the Lambos: It’s Time to Get Serious...

August 21, 2018





# Name Price Market Cap Change Price Graph (24h)

Recent Posts

  • What Twitter Meme Wars Say About Crypto’s Reliance on Figureheads
  • Sri Lanka’s Central Bank Calls for Blockchain-Based KYC Proposals
  • Showing Interest in ETP Tied to Binance Coin, Amun Says
  • State Street Slashes DLT Developer Team as Bank Rethinks Blockchain Strategy
  • Is Technical Analysis Prophetic or Preposterous? We Asked 7 Crypto Traders

Archives

  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • January 2018
  • July 2017

Recent Posts

  • What Twitter Meme Wars Say About Crypto’s Reliance on Figureheads

    December 5, 2019
  • Sri Lanka’s Central Bank Calls for Blockchain-Based KYC Proposals

    December 4, 2019
  • Showing Interest in ETP Tied to Binance Coin, Amun Says

    December 4, 2019

Facebook Feed

Facebook

Categories

  • Activity
  • Article
  • Bitcoin
  • Editors' Choice
  • Event
  • Latest News
  • News
  • Uncategorized
  • Facebook
  • Twitter
  • Linkedin
  • Email

@2018 - HotcryptoNews. All Right Reserved.