Three years after its creation, the blockchain-based company, which vowed to improve flight safety, looks back at its accomplishments and envisages new opportunities that the aviation industry offers. It’s hard to find someone who would eagerly board a plane if there was a chance that the pilot had bought his license or faked his logbook during flight training. But how many of us really know if we are boarding a safe aircraft on our family trip to Rome or a safari in Africa? It becomes less of a privilege and more of a need to verify information received from providers …

The International Chamber of Commerce (ICC) has partnered with a Singapore government-backed blockchain startup to reduce carbon emissions in commercial aviation. In a press release on Dec. 10, the ICC said that a partnership with Perlin and blockchain-based carbon offset exchange AirCarbon will provide $40 billion for climate projects in the aviation industry. ICC: partnership will inspire action The three partners launched the scheme on the sidelines of the United Nations Conference on Climate Change, or COP 25, in Madrid. “As part of ICC’s declaration for the next century of global business, we are committed to making climate action everyone’s …

Major global aerospace manufacturer Boeing has reportedly joined the governing council of enterprise-focused decentralized network Hedera Hashgraph. Ten members so far The American aircraft giant is the 10th firm in the list of Hedera’s governing council members, including tech giant IBM, Japanese financial holding company Nomura Holdings, Indian telecom Tata Communications and financial services firm FIS Global, Coindesk reported on Aug. 29. According to the report, Boeing has not officially confirmed the news. On Hedera’s council, each member runs its own node via hashgraph — a patented algorithm claiming to provide basic benefits of blockchain such as decentralization and security, …

The national carrier of the United Arab Emirates Etihad Airways has partnered with blockchain-based platform for the travel industry Winding Tree to explore how blockchain can aid in distribution. Logistics see greater adoption of blockchain As Reuters reported on Aug. 8, Etihad joined a range of other leading international airlines that already deploy the Winding Tree platform, including Air Canada, Air France-KLM, and Lufthansa. The product is set to reduce transaction costs for customers, as well as enable companies to publish inventory directly to their customers, among other services. Tristan Thomas, director of digital and innovation at Etihad, told Reuters …

In an era in which catching a flight is easier than renting a car, and an estimated 40 million flights will occur this year alone, it is understandable that competition is fierce, and even the smallest advantage may be the difference between leading the industry and being forced into an unwanted merger. Last year, Cointelegraph discussed the potential benefits the blockchain industry can have for airlines. Fast-forward 12 months and the waves this technology is making not only for airlines but also air travel and the aviation industry as a whole can be clearly seen. We have gone from a …

Hong Kong’s flagship airline Cathay Pacific has introduced the first blockchain project to manage unit load devices (ULDs). Cathay plans to roll out the tech across the entire network The new project intends to eliminate paper-based processes by implementing a blockchain application that allows to instantly manage ULDs through a smartphone, according to a report by air cargo publication Air Cargo News on Aug. 1. Cathay, a founding member of major global aviation alliance Oneworld, reportedly launched its blockchain ULD project in July, targeting first transactions in Hong Kong and selected locations in the United States on the initial stage. …

S7 Airlines, a member of major global aviation alliance Oneworld, processed over $1 million through its blockchain payment system for the month of July. S7 processed nearly $4 million in payments on its blockchain platform since January 2019 According to an official press release on July 30, S7 has seen significant growth in transactions on its blockchain-powered sales network developed in partnership with Russia's largest private bank, Alfa-Bank. Nikolai Mukhanov, executive director at S7 Techlab, said that the platform has seen not only a significant increase in number of payments, which reportedly grew tenfold since January, but also in number …

A fledgling blockchain-based company which aims to improve flight safety is gearing up to launch an upgraded version of its app for pilots – software that has been designed to replace the old-fashioned paper logbooks currently used by aviation enthusiasts and professionals. Aeron estimates that 57 percent of aviation accidents can be attributed to human factors – and poor record keeping is often to blame. The company says it is possible for pilots to manipulate records and exaggerate their experience, while airlines may underreport flight hours to save on maintenance costs. Aeron has been working to implement blockchain into existing …

European airline holding company Air France-KLM has partnered with blockchain travel ecosystem Winding Tree. The goal of the partnership is to reduce costs for the company’s customers by cutting out intermediaries. The alliance has revealed the new deal in a release published on its official website Thursday, Oct. 4. The world's fifth largest air company by revenue in 2018, Air France-KLM hopes blockchain will help it provide "a more advantageous travel offer for customers which is more profitable for suppliers, in particular by reducing the number of intermediaries." Sonia Barriere, the executive vice president for Strategy and Innovation at Air …

Russian air carrier S7 Airlines has partnered with state-owned oil giant Gazprom Neft to use blockchain-based smart contracts for aircraft fuelling, a press release confirmed Friday, August 24. S7, which has developed several blockchain use cases in the past two years, will now use the technology to increase efficiency of fuel delivery and payment, as well as in the refuelling process at airports. The partnership features Gazprom Neft’s dedicated aviation refuelling subsidiary Gazpromneft-Aero. “Using blockchain technologies in reciprocal accounting and settlements between aviation companies and fuel operators gives new impetus to the development of the entire aviation industry,” Gazpromneft-Aero CEO …

Airlines and airports are functioning on outdated methods of information collection and distribution, using many isolated operating systems where data exchange can be timely and unsecure — despite a reported 170 percent increase in the past 20 years of U.S. outbound trips abroad. Major competitors have recognized how the characteristics of the aviation industry align with blockchain, which has the potential to streamline data sharing among information silos in airports — and with ancillary travel enterprises more broadly — to create a seamless and secure travel experience. Lufthansa Industry Solutions, a subsidiary of the largest airline in Europe, launched the …

Singapore Airlines (SIA) has launched its own airline loyalty digital wallet that uses blockchain technology, it announced July 24. The software has been co-developed by Microsoft and KPMG Digital Village, according to the press release. The new wallet -- dubbed ‘KrisPay’ after SIA’s ‘KrisFlyer’ loyalty programme -- converts frequent flyer miles into digitized ‘KrisPay miles’ that can be used to pay for retail purchases via a mobile app. As minimum expenditure, users of the wallet can spend 15 KrisPay miles (equivalent to about S$0.10, or US$0.73) to make or offset purchases at point-of-sale for food and drink, petrol, beauty treatments, …