A Closer Look at Block Chain Technology
Blockchain Community Leader, I am part of the Innovation & Digital...
Blockchain: The Paradox
Blockchain Is it Really Worth the Hype?
Why CXO's cannot ignore Blockchain?
Jagruti Solanki, CPA, MBA, CGMA, and Assurance Partner, Aprio
Blockchain, the real benefit behind the technology
Rebecca Hofmann, Manager of Innovation, Equinor Chairman, OOC Blockchain Consortium
Blockchain for Personalization, Opportunities and Challenges for...
Giridhar Tatavarty, VP, Data Science at 84.51˚
Blockchain Rising: Have You Considered Blockchain for Your IoT...
Gavin Whitechurch, EVP Product & Strategy, KNect365 TMT
Thank you for Subscribing to CIO Applications Weekly Brief
How Blockchain has changed the Outlook of Aviation
Blockchain Technology in aviation will open up new waves of possibilities like maintenance, transparency, flight data security, reduction in instances of flight overbooking, helping the industry to boost its productivity and accuracy levels. It is known for a fact that customers expect a comfortable, painless, and hassle-free travelling experience. The aviation industry focuses on revolutionizing the operations, right from ticket booking to check-in to onboard processes. The aviation industry has made revolutionary modifications related to in-flight services with the help of advancement in cutting-edge, incredible technologies. Passengers can book their flight tickets with the help of mobile-based apps from anywhere and anytime, which was not possible earlier. Now, even online check-in options through messaging platforms are available, which helps them to reserve their seats well beforehand. Passengers are provided with the benefit to connect and interact with flight members for ordering food and drinks according to their preferences.
VR in aviation is providing immersive experiences to customers, entertaining them, and improving their journey experience. The aviation industry has adopted smart and sophisticated technologies, like AI and IoT, to disrupt flight operations. Emerging as a technology that promises to bring in revolution and innovation in the airline industry blockchain has the potential to not only secure flight data and payment transactions, but also simplify flight functioning by introducing the additional elements of security, transparency, and reliability. Understanding blockchain fundamentals and explaining the current challenges faced by airlines needs the assistance of advanced and sophisticated technology like blockchain.
Blockchain presents excellent prospects for securing data. The airline industry can leverage this technology for their advantage. Security, baggage tracking, ticket overbooking, and document verification are some the aspects that can impact the aviation industry. The introduction of smart contracts automates paper-based airline operations. This allows the airport authority to take up other roles, which will be a result of increased productivity, accuracy, and efficiency. Blockchain in aviation offers many benefits and use cases for the industry. As a result, blockchain is the perfect technology that fits the aviation industry well.