A Singaporean company is trying to find a permanent solution for locating data after a plane has crashed. This comes after flMH370 went missing. Flight MH370 carrying 239 people on board was reportedly coming from Kuala Lumpur to Beijing on Saturday March 8, 2014. There is no available data about what really occurred since the information was kept on the plane in a device called the black box.
Russia has always taken financial technology cautiously and regarded it as a very unstable and volatile thing. However, Gazpromneft-Aero and S7 Airlines finally took a risk and implemented blockchain in their field. The new technology helps to improve processing time and efficiency during aviation refuelling.
The Aviation Network Operation Chain (AVINOC) aims to bring together General Aviation (GA) businesses together on one global platform powered by the innovative effectiveness and decentralization of blockchain technology.
The modern world has progressed at a staggering rate. this can be attributed to breakthrough technological innovation. Most notably, blockchain technology has revamped and improved numerous industries in recent years. Blockchain technology is in its relative infancy, however a number of established industries have been disrupted. One industry of note is aviation.