Airlines Using Blockchain
3 min read

How Airlines Could Utilise the Power of Blockchain Technology

By Editorial Team

It’s been a turbulent last few weeks for the airline industry, with Ryanair being forced to cancel hundreds of flights following an administrative blunder, followed by the recent collapse of Monarch, which left thousands of passengers stranded or out of pocket.

The Ryanair episode in particular throws light on the sheer scale of the administrative task that faces carrier operators and the results that can occur when something goes wrong. So the arrival of blockchain-based solutions to some of the airline industry’s biggest headaches can’t come quickly enough.

Blockchain to the Rescue

One of the biggest challenges for any airline is data – the collection and retention of it, as well as how it is used. A passenger getting on a flight does not just interact with the airline itself, but with a host of other functionaries: airport and immigration authorities, booking websites, hotel and car rental companies to name but a few. All of these separate entities will be collecting and storing a traveller’s data and will need to share it with other companies and services.

Getting a passenger safely on and off a flight involves huge amounts of data reconciliation between these various actors – any delay here can mean delays to the flights themselves. Blockchain can speed up this process whilst still maintaining the security of the data and the passengers themselves.

By storing this data on a blockchain, not only will it be more secure, given the lack of any centralised hub, but more accessible more quickly to those with access permissions. By utilising smart contracts in ticketing procedures, customer data could be stored more safely and used more efficiently. The safer the data, the safer the traveller.

With every transaction automatically recorded on the blockchain, airline loyalty schemes will also become much more efficient as the delay in the processing of points will disappear. This should enable customers to use their points as soon as they earn them, without having to wait whilst they accrue or are processed.

Streamlining Maintenance

Aircraft Maintenance on BlockchainThere are also intriguing implications beyond the passenger experience. Currently, aircraft maintenance logs and staffing data are bulky and unwieldy and often stored on paper. Moving this information to a blockchain will enable airlines to keep better track of their supply chains and be sure that aircraft parts are correct and properly made.

The blockchain’s immutable record of their journey from factory to fitting should ensure quality and safety standards are accurately maintained. Staff data will also be readily visible and up-to-date, so airlines will be able to monitor and timetable their employees with greater efficiency.

The implications of implementing blockchain technology across the industry will go beyond merely enhancing efficiency and airlines’ profits. Customers will be safer, delays fewer and vital data more secure. This represents a better deal for both the airlines themselves and all of us who travel with them.

Featured Image via Fotolia

Editors at large. Posting the latest news, reviews and analysis to hit the blockchain.
View all posts by Editorial Team -> Best Crypto Deals ->

Latest Posts

PrimeXBT vs Bybit 2022: Which Exchange is Best for Crypto Trading?

PrimeXBT vs Bybit 2022: Which Exchange is Best for Crypto Trading?

September 27, 2022 26 min read
How to Buy Bitcoin on Binance

How to Buy Bitcoin on Binance

September 26, 2022 7 min read
How to buy Polkadot at FTX
How to Buy Polkadot (DOT) on FTX Exchange
How to buy Polkadot at FTX

How to Buy Polkadot (DOT) on FTX Exchange

September 23, 2022 9 min read
Crypto Safety 101: How to Protect your Crypto

Crypto Safety 101: How to Protect your Crypto

September 22, 2022 44 min read
Blockchain Security: How to Understand Blockchain Audits to Stay Safe in DeFi

Blockchain Security: How to Understand Blockchain Audits to Stay Safe in DeFi

September 21, 2022 26 min read
IDEX Review
IDEX Review 2022: The First Hybrid Approach to Non-Custodial, High-Performance Crypto Trading
IDEX Review

IDEX Review 2022: The First Hybrid Approach to Non-Custodial, High-Performance Crypto Trading

September 14, 2022 37 min read
Using Modern Portfolio Theory to Build a Crypto Portfolio
Using Modern Portfolio Theory and How to Build a Crypto Portfolio
Using Modern Portfolio Theory to Build a Crypto Portfolio

Using Modern Portfolio Theory and How to Build a Crypto Portfolio

September 12, 2022 48 min read

Related Posts

Crypto Safety 101: How to Protect your Crypto

Crypto Safety 101: How to Protect your Crypto

September 22, 2022 44 min read
Blockchain Security: How to Understand Blockchain Audits to Stay Safe in DeFi

Blockchain Security: How to Understand Blockchain Audits to Stay Safe in DeFi

September 21, 2022 26 min read
Top 5 Crypto Scams to Avoid in 2022

Top 5 Crypto Scams to Avoid in 2022

September 7, 2022 30 min read
What is Etherscan and how to use it
Etherscan Review: Public Face of Ethereum
What is Etherscan and how to use it

Etherscan Review: Public Face of Ethereum

August 30, 2022 16 min read
Can you still make money mining Monero
Can You Still Make Money Mining Monero in 2022?
Can you still make money mining Monero

Can You Still Make Money Mining Monero in 2022?

August 27, 2022 16 min read
Crypto Staking Complete Guide
Stake and Earn: Complete Guide to Staking Crypto
Crypto Staking Complete Guide

Stake and Earn: Complete Guide to Staking Crypto

August 25th, 2022 33 min read
What is a rug pull
Crypto Rug Pulls: How To AVOID Them and Keep SAFE!
What is a rug pull

Crypto Rug Pulls: How To AVOID Them and Keep SAFE!

August 13, 2022 15 min read