Why Improving Aviation Efficiency Relies On Blockchain Technology
With blockchain technology still a relatively new kid on the block in the mainstream, its utilization in aviation systems is still in its infancy. Nonetheless, several processes are already deploying blockchain systems well. Altogether, the tech’s distinct ability to share information instantly and securely between relevant stakeholders, whether they are carriers, passengers, or manufacturers, gives endless opportunities for blockchain. Thus, we can expect its usage to catalyze in 2022.
One particular sector that will benefit significantly from blockchain is the supply chain. For instance, the market spends $50 billion on spare aircraft parts. However, airlines, suppliers, and lessors waste so much time in the manual tracking and tracing of the equipment. So, the introduction of blockchain will do wonders to efficiently record transactions between all those involved. Overall, time and funds are saved with a refined approach.
Additionally, with a clear record of numerous transactions on display, inconsistencies can be identified, which will lead to operational improvements. Subsequently, further mishaps can be addressed in the long term.
Getting the ball rolling
With these benefits in mind, SITA, the IT provider for the air transport industry, has implemented innovations for the next chapter of aviation. The organization is tackling challenges on both the airline and passenger sides. With a plethora of new requirements arising across the industry, blockchain will prove vital in the mission to robustly record and present information.
“For pilots, SITA has developed a proven blockchain-based solution enabling the verification of an electronic personnel license (EPL) without network connectivity. Allowing offline verification in an efficient and privacy-preserving way, SITA’s contribution supports the International Civil Aviation Organization’s (ICAO) adoption of an industry-wide digital standard for the use of EPLs on international flights,” SITA shares in a statement sent to Simple Flying.
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