One of the most important characteristics of blockchain is that all members of the network have a complete view of the information contained therein.
FREMONT, CA: What makes blockchain unique is that the whole network has access to all transactions, allowing members to see the history of every transaction ever recorded on the network. Cryptographic techniques safeguard the network's integrity and immutability by validating how transactions are compressed into blocks and how blocks are added to the network via consensus. As a result, the blockchain allows a trusted middle man to be replaced by a mathematical algorithm, with the system's cryptography providing the basis for trust. Here are four uses of blockchain in aviation:
Identity Verification
The adoption of blockchain technology can improve the effectiveness of passenger identity verification. The biometric data needed documentation and tickets of passengers can all be stored on the blockchain network. As a result, passengers may quickly enter the airport using a verification code, eliminating the inconvenience of waiting in long lines for document verification.
Tracking of Baggage and Cargo
As passengers' luggage and cargo change custody from the time of deposit, blockchain enables for reliable and immutable tracking of their whereabouts and status. As a result, blockchain can help to improve transparency and visibility, allowing authorities and passengers to readily track their luggage at all times across the value chain.
Aircraft Maintenance
Aircrafts may change ownership up to five or six times over their lifetime, making data tracking and tracing a time-consuming and challenging task. As a result, an immutable record listing the aircraft's maintenance history in a digital context might be highly beneficial to all parties concerned.
Ticket Overbooking
Ticket overbooking has been a concern for airlines in the past, but it might be addressed using blockchain. Smart contracts would allow for the automated implementation of an intelligent ticketing system that passengers might use to purchase tickets. This system eliminates the need for human ticket issuance, resulting in increased efficiency and accuracy.
Weekly Brief
Read Also
