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Blockchain In Aviation

Blockchain In Aviation

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Exploring The Fundamentals, Use Cases, And Industry Initiatives.

SUMMARY

The report reveals that smart contracts have an important potential to allow the streamlining of business to business interactions in the aviation sector.

This is particularly relevant to disrupt processes including invoicing, reconciliation, settlement or accounting, the paper explains. Since the value chain in the aviation industry has a highly cooperative nature with plenty of partnerships among suppliers to organize the offering of travel products and services. 

This IATA study on blockchain examines how this technology can benefit the aviation industry while it presents many use cases at present under investigation and implementation. It also takes a look at the principal challenges associated with this technology.

Blockchain offers many tangible benefits to the travel sector, the document indicates. But to make the most of these advantages, the paper adds, it is required to follow a solution-driven discovery, investigation and implementation approach. At the same time, it is necessary to maintain an open mindset regarding alternative options throughout the full process. 

Besides, there are plenty of design options according to the type of blockchain that must be fully examined and compared. The report recommends is to include blockchain as one of the potential options to be assessed.

OUTLINE

Executive Summary and Introduction

Blockchain

Smart Contracts, Tokens, Provenance, Certification, Digital Identification

Challenges

Bockchain in Aviation

Case Studies

Recommendations

DETAILS

Overview

Researchfinder Rating
5 out of 5 stars
Title
Blockchain In Aviation
Sub-Title
Exploring The Fundamentals, Use Cases, And Industry Initiatives.
Region
Global
Published
Oct. 10, 2018
Publisher
IATA
Author(s)
Houman Goudarzi, Juan Ivan Martin
Price
FREE
Language
ENGLISH

Content

Number of Pages
22
Number of Tables
0
Number of Exhibits
9
Topics
blockchain
Tags
aviation, blockchain, case studies, digital identification, global, IATA, smart contracts, token, transportation, travel
Companies mentioned
Air France KLM, Boeing, Singapore Airlines, TrustaBit, TravelBlock, TravelChain, SITA, Ozone, Loyyal, Aeron
Author(s)
Houman Goudarzi, Juan Ivan Martin
Methodology
Not available.
EVALUATION

This is an excellent report on blockchain in the aviation industry that includes many case studies and blockchain-based initiatives in the travel industry.

  • Great case studies
  • Highly focused on the aviation sector
  • Good graphs
  • Quality content
  • Understandable writing style
  • References and links to further reading

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