Integrating Blockchain Into The Aviation Industry - Is It Worth It?

   2022-07-26       34        Business
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Aviation is the fastest mode of transport. But, typical methods involve complex processes which lead to industrial inefficiencies.

Preface

In the past, people thought that traveling via airways was impossible. Thanks to the Wright Brothers, who broke those assumptions by inventing the world’s first airplane in 1903. Since then, the growth of aviation has become obviously incredible.


Unfortunately, in 2020, the whole aviation industry was affected by the worldwide spread of the Covid-19. People had to stay indoors and were restricted from traveling domestically and internationally. 


When the virus spread was under control, airlines started to pick up and got on the track again. As of now, blockchain technology is gaining interest in various industries such as finance, healthcare, insurance, games, etc. 


But, can blockchain development provide any benefit to the aviation sector? – Let us find out the answer!


Why is blockchain essential in the flight industry?

There are more than 5000 aviation enterprises around the world. Blockchain implementation is possible in the airline sector across various places. It includes aircraft manufacturing,  flight booking, luggage tracking, ticket tokenization & reservation, and blockchain. Let us look at how blockchain technology eliminates the inefficiencies across these areas. 


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Author Signature :


Madelyn Nora I'm a Blockchain Consultant | Ethereum | Solidity | Smart Contract | DApps | NFTs | Cryptography 


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