Air Asia became the first airline to embrace blockchain technology for freight after it yesterday revealed Freightchain, an air cargo booking system that offers instant cargo bookings to shippers and freight forwarders powered by blockchain technology.
More than $1 Billion worth of Aeroplane spare parts supplied to Boeing are now traceable on a blockchain. The plane spares is being tracked directly by it’s manufacturer on a blockchain powered system built to validate the source of the spares and make sure recommended safety standards are adhered to.
KLM Royal Dutch Airlines announced they will apply blockchain to managing accounting and finance both within the company itself and with its subsidiaries. It seems they have followed the lead of other airlines that are actively exploring this innovation.
One of Europe's airline giants, Norwegian air, is set to launch it’s own cryptocurrency exchange and allow ticket sales via bitcoin. The airline plans to add the most popular and biggest cryptocurrency by market capitalization as another payment option its customers.
The largest low-cost carrier on the Asian continent, Air Asia, is planning to expand its range of services in order to enter more financial markets. Tony Fernandes, CEO of the airline, noted in a recent interview that the virtual coin will be called BigCoin.
Singapore Airlines (SIA) has announced plans to use a blockchain-based airline loyalty digital wallet in six months in a statement on the official website of the company. A new KrisFlyer digital wallet app holding this innovative financial technology will possess a private blockchain that includes only merchants and partners.