The Future and Transformation of Blockchain in Aviation Industry

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The good thing about blockchain technology is that it is fit to be used in every industry including the aviation industry which we are here to talk about. Blockchain as we all know is a very powerful technology of our time that has the potential to transform not only only financial industry, but the aviation industry and every other industry can be transformed by blockchain technology.

We all love blockchain because it is a technology that is transparent and well-secure, meaning whatever happens in a blockchain network everyone who makes use of the network can be able to see what has happened and no one else has the power to alter what has been inputted already in a blockchain network which we have seen how the Steem blockchain network is. Well, this post is all about the future and transformation of blockchain in the aviation industry.

Safety and Enhanced Maintenance:

With blockchain in the aviation industry, the maintenance of aircraft can be stored in a blockchain network to ensure the authenticity of work that is been done and eliminate manual errors. Also, with blockchain in the aviation industry all parts and components in an aircraft can be tracked to ensure safety regulations of the industry.

Revenue Management and Transparent Ticketing:

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With blockchain in the aviation industry, the issue of having too many intermediaries when booking a flight would be eliminated, because smart contacts can help to facilitate transactions directly between passengers and airline operators which would in turn reduce costs associated with third-party fees when booking a ticket. The good thing is that blockchain can provide the aviation industry with real-time data for transparent ticket pricing and demand forecasting.

Loyalty Programs:

With blockchain, airline passengers can manage and redeem royalties across different airlines very easily. Blockchain can help to simplify digital identities for check-in and security procedures ensuring that passengers receive the best travel experiences.

Cybersecurity and Fraud Prevention:

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Blockchain can help to ensure that all transactions and operational data in the aviation industry are kept safe and not tempered by staff thereby eliminating fraud risk. Blockchain can enhance Cybersecurity for airports, airlines, and regulatory bodies.

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Conclusion:

In this post, we have discussed the future and transformation of blockchain in the aviation industry, which we are expecting to see positive growth in the industry when blockchain is fully integrated into the industry. With blockchain, the industry would be more secure, efficient, and customer-focused. Note: _{This post is purely written based on my initiative and the research I did via the post link below.}

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