Blockchain News, Business, Market Analysis

SITA Analysis – Blockchain Under The Spotlight Of Airline’s Industry.

SITA, a technology analysis and research company answerable for stimulating tech. revolution by collaborating with airlines, airports, and technology specialists globally—opined that distributed ledgers are far more additional economical and efficient when it comes rendering airline services like passengers identification, ticketing and more.

The magazine quoted Gustavo Pina, director at SITA Lab.who argued that one among the most important obstacles preventing a seamless journey are the siloed processes that they need to scale through on a daily basis.

Adding further he mentioned:

“They act as vital speed bumps at each step of the approach. By collaborating as a single tradeWe expect to sleek that journey and blockchain is one among the technologies that have the potential to make this attainable. Therefore explaining the industry’s vital interest in it.”

The study by SITA conjointly disclosed that both airlines and airports had found exciting use cases for the blockchain from the rollout of passenger tokens to frequent flyer programs [34%] along with the e-tickets [31%]. Fifty nine percent of the airlines have conjointly place in situ blockchain analysis programs to be employed by 2021.

To increase the analysis on the potentials of using blockchain technology, it was announced earlier by SITA in June that its considering to launch The Aviation Blockchain Sandbox. “Through this cooperative innovation we’ll accelerate the learning for all and have already vital interest in pursuing cross-industry initiatives through the Aviation Blockchain Sandbox initiative,” Pina explained in an announcement.

However, there are still some airports that are still sitting on the fence on adopting the technology, others have begun to use the employment of blockchain technology in their operations.

Brisbane International leads the road for the adoption of the technology, as people traveling to Australia could currently pay numerous cryptocurrencies at the Brisbane International airportWithin the same vein, Amsterdam Schiphol airport installed ATM that lets passengers convert their euros into Bitcoin [BTC] or Ethereum [ETH].

Dubai International Airport, took it an another step forward by revealing its intention to employ a passport-free entry into town. It signed an agreement with UK-based blockchain startup ObjectTech, that partnered with Dubai’s Immigration and Visas Department to develop a new biometric verification solution with blockchain technology.

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