THE OPPORTUNITIES AND CHALLENGES OF IMPLEMENTATION OF BLOCKCHAIN IN AVIATION INDUSTRYJournal: Young Scientist (Vol.7, No. 4)
Publication Date: 2019-04-01
Authors : Revin Vladyslav Shevcheko Yuliia;
Page : 206-209
Keywords : Blockchain; technology; scalability; IATA; Internet; Ethereum; smart-contracts;
In this article are overviewed all the possibilities and problems associated with the use of blockchain in aviation. Today, many companies are trying to implement and are looking for various solutions with the help of blockchain. Because it has a unique and special system of technology. As a new technology, it generates a lot of hype, something like that when the Internet became a public network. Blockchain helps to exchange data through various channels without any changes to this data; it can store and it can not be changed after this sharing. Blockchain has the potential to permanently change the industry of aviation, but this requires the use of new opportunities and to deepen knowledge of this technology in more specific details. Blockchain technology has such benefits as: 1) data security, enabling more confidence in airline customers who can provide their data; 2) decentralization; 3) information management.
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Last modified: 2019-06-05 18:13:17