5 Global Domains That Will Transform Blockchain in Aviation by 2025by@RamaTarun
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5 Global Domains That Will Transform Blockchain in Aviation by 2025

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The aviation industry is executing blockchain technology in 75% of the overall activity, i.e., 754 billion dollars per year in industrial settlements and payments, digital identity management, procurement transformation in B2B businesses, etc. According to IDC estimates worldwide spending on blockchain solutions projected around $2.9 billion in 2019, an increase of 88.7% from 2018. The five crucial areas of blockchain adaptation are: Baggage, Cargo and Spare Parts, Frequent Flyer Points, and Digital identity management. The benefits are expected to come from a simplification of the process of accounting, reconciliation, invoicing, and settlement.

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@RamaTarun

Tarun RAMA

Blockchain Researcher


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