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.
The Philippines presents a very unique case in the world not only for its high internet user figures (over 80%) but in the cryptocurrency technology as well. In the middle of the COVID-19 global pandemic that has prompted most traditional banks around the world to close or work for only a few hours a day, the Philippines seems to get away with this inconvenience.
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.
The digitalization of small companies, especially industrial ones, is changing not only from a technological aspect but also from a cultural and educational aspect. Due to the potential use of blockchain and cryptocurrency, the many actors are trying to acquire knowledge and investment in a digital perspective.
Many times, to explain the uncertainty of companies and organizations in understanding the benefits of digital innovation, information asymmetry has been spoken of. The value of innovation including cryptocurrencies and blockchain technology, so often, could not be perceived as such by businesses, organizations or citizens in Italy.