FlightChain: 'smart contracts' for shared control of data?
Discover how airlines and airports could benefit from ‘smart contracts’
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Blockchain has been heralded as a transformational technology for many industries. While several use cases have been identified for the air transport industry, the opportunity of using ‘smart contracts’ for shared control of data by airlines and airports is one which promises real benefits.
SITA Lab has issued FlightChain, a paper outlining the findings of its research conducted with British Airways, Heathrow, Geneva Airport and Miami International Airport into ‘smart contracts’ residing on a blockchain.
This paper details key lessons learned regarding governance, smart contracts, system security and system performance, scalability and reliability. Along with a view on the use of public versus private blockchain networks for the air transport industry.