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Takeoff: 59% of Airlines Have Plans to use Blockchain

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Apparently, it’s up, up and away for blockchain.  Adoption is only picking up momentum.  Not only are auditors, food supply chains, and retailers using the technology, airlines and airports are, too.

2018 SIT Air Transport IT Insights

According to SITA research, blockchain can help provide several benefits to airlines.

For example, it can help identify passenger identification in ticketing.  It can help track assets, and mange frequent flyer programs.

SITA Lab director Gustavo Pina said: “The biggest obstacles standing in the way of a seamless passenger journey and truly efficient air travel are the siloed processes across the many stakeholders, including airlines, airports, ground handlers and control authorities.”

“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.”

Up to 59% of Airlines Plan to Use Blockchain

According to the SITA report, 59% of airlines have planned pilots or research programs for implementation by 2021.  That’s a 42% jump year over year.

Airports are also experimenting with the technology.  In fact, 34% have research and development plans scheduled for 2021. In addition, 28% of airport CIOs believe the technology can help track baggage.  Up to 24% believe it can improve operational efficiency.

Unfortunately, some airlines and airports are still on the fence.

However, that’s likely to change as others see progress, and potentially better revenue.

Brisbane Airport has Adopted the Technology

Folks traveling to Australia can spend cryptocurrencies at the Brisbane Airport.

“Many people around the world have made money investing in cryptocurrencies and a lot of these people travel internationally, so it makes sense to offer a digital currency experience within our terminals,” they note.

In short, blockchain adoption is picking up incredible momentum.

 

 

 

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