Role Of Blockchain In Aviation: Redefining Efficiency, Security, and Data Transparency
Author(s): Arjun Agaram Mangad
Publication #: 2502042
Date of Publication: 08.06.2023
Country: USA
Pages: 1-9
Published In: Volume 9 Issue 3 June-2023
DOI: https://doi.org/10.5281/zenodo.14866459
Abstract
The aviation industry plays a crucial role in making every corner of the world accessible for trade and transportation, albeit with many challenges. There is a real need for improvement, from operational inefficiencies and high costs to issues of transparency in maintenance and supply chain management. Blockchain technology, which has been applicable in various industries, has the potential to resolve the problems discussed in the aviation industry too. Known for its secure, decentralized, and tamper-resistant features, blockchain is quickly recognized as a solution to some of these longstanding problems. This paper explores how blockchain is integrated into the aviation industry, focusing on key areas like maintenance, logistics, passenger services and air traffic management. Through the case studies of leading companies already using blockchain, we will delve into their successes, the challenges they have encountered, and the transformative potential of blockchain to reshape the future of aviation. We will look at how findings from this study show that blockchain has the potential to enhance efficiency, safety and transparency. However, significant hurdles like cost, scalability, and regulatory issues must be addressed before blockchain's full potential in aviation can be realized.
Keywords: Blockchain, Aviation Industry, Supply Chain, Maintenance, Transparency, Air Traffic Management
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