At first glance, the aviation industry and blockchain seem worlds apart. What if I tell you, that in the future they will be inseparable from each other? You will be very much under your rights to think that I have, well, “Lost” it.
And you may be right. But I can also bet that after reading this article, you will change your mind. Or at the very least, I hope to open your views on the above-mentioned topic.
Blockchain is a disruptive technology, and the aviation industry is currently being disrupted. Blockchain has the potential to provide secure digital identities for travelers, reduce delays at airports, increase trust in ticketing systems, and lower costs for airlines and travelers alike. In an era of digitization and connectivity, there are many challenges to global supply chains that impact airline travel as well as any other sector of our society.
Blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. The aviation industry relies on many complicated, often paper-based, processes which introduce a lot of opportunities for fraud and human error. Blockchain has the potential to help speed up the process by recording data in real-time and creating an immutable audit trail. Potential uses for blockchain technology include digitizing flight plans, aircraft maintenance records, and more.
But this is just the start.
Here are some of the other reasons why aviation and blockchain should join forces:
1. Improved Maintenance:
Aviation, by its very nature, relies a lot on heavy-duty maintenance. Mistakes in maintenance are the leading causes of flight delays. Here is how blockchain can solve that.
Blockchain can improve maintenance records and ensure that there are no mistakes in identifying which parts need to be replaced. This would help flights go smoother because delays caused by mechanical failures will be reduced significantly.
Blockchain provides everyone involved with real-time updates on changes made to any part of the plane’s database so they can work more efficiently and catch mistakes before they lead to better efficiency.
It does this by tracking every part of a plane’s journey from factory to final destination with each part logged on a decentralized ledger. The blockchain records everything from manufacturing dates to flight hours so you can see when a component was last serviced or replaced in detail as well as where it came from and how much time has been taken etc.
2. Higher customer satisfaction:
The blockchain provides an innovative, more efficient, and transparent way to manage airline operations by allowing for better information sharing between airlines, airports, governments, and other stakeholders involved in the aviation industry. The blockchain will provide an improved customer experience as it eliminates intermediaries with lengthy paperwork processes. As such customers will have a seamless travel experience because they won’t need to wait long periods at security checkpoints or suffer through extensive delays.
It will not only help in managing customers’ data more securely but also create a decentralized system that will make it easier for airlines to share information on any topic they choose.
For example, introducing blockchain would help customers to track their luggage from check-in through security screening and onto departure gates; assuring that they will not be left behind or lose anything during their journey.
I don’t know about you, but I have a serious case of frustration when I can’t find my luggage after the security check.
3. Improving ground operation’s efficiency.
I will keep this one tight and simple for you all. For example, they could use the system to keep track of each plane’s current location or to identify any delays that happen on the ground. This would help cut down on travel time for passengers because airlines wouldn’t have to spend as much time circling in a holding pattern waiting for permission from air traffic control. Blockchain is one way that aviation operations could be improved, but it also has a huge chance of improving ground operations.
Blockchain technology can be used to identify individual pilots through their digital passports. When a pilot registers for flight duty, they would have their unique ID stored on the blockchain so that other operators know who is flying which plane at any given time. Blockchain could also prevent unauthorized access and save time.
The implementation of blockchain in these three areas in aviation will be instrumental in improving their efficiency by cutting out intermediaries such as brokers and lawyers. Airlines currently have an inefficient system for handling baggage claims with multiple middlemen involved in the process.
Melissa Crooks is Content Writer who writes for Hyperlink InfoSystem reviews, a mobile app development company in New York, USA and India that holds the best app development team of skilled and expert app developers. She is a versatile tech writer and loves exploring latest technology trends, entrepreneur and startup column. She also writes for app development companies.
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