A blockchain boost for the airline industry
Blockchain refers to a shared, public ledger of records or transactions that is open to inspection by every participant while not being subject to any form of central control. It is these very capabilities that align particularly well with the characteristics of the airline industry, according to the 2017 report, ‘Beyond the Buzz: The Potential of Blockchain Technology’ by Accenture. Since the airline industry involves many different players and requires the reconciliation of data at various touchpoints, blockchain would not only improve transparency, but also enhance efficiency, and reduce operational costs.
