Industry surveys show that the publics distaste for air travel continues to rise, and issues such as overcrowding and ticketing have been criticized.
This article will explain the pain points of the aviation industry and five solutions for the blockchain to transform the aviation industry.
oversold seats
Many air passengers experience situations where airlines oversell seats. Airlines will adopt the method of recruiting volunteers when pre-booked flights are overcrowded or when the actual number is overcrowded. By providing certain economic rewards, passengers who have already completed the flight formalities are recruited to voluntarily give up the flight and take a subsequent flight. To solve the problem of overcrowded flights.
Blockchain technology can mitigate this risk. During oversold flights, airlines could provide passengers with a blockchain-based e-ticket. This electronic ticket contains a smart contract, which allows passengers to actively modify the ticket information, and also allows passengers to receive information in advance, so that they do not have to go out too early.
travel insurance
Passengers in the past had no choice but to rebook if your flight malfunctioned or was delayed in some other way, and airlines seldom refunded us. Although passengers can purchase insurance to get refunds for their tickets, the claims process is very inconvenient.
Travel insurance company Fizzy believes that smart contracts can provide faster solutions for aviation insurance. Fizzy can achieve automatic compensation by tracking the records of public flights and issuing claims payments using smart contracts.
lost luggage
According to statistics, airports around the world lose an average of 21.8 million luggage per day, and blockchain technology can effectively reduce the problem of luggage loss.
The solution is very simple: Passengers record each piece of luggage on the blockchain, and verify it on the blockchain after getting the luggage, so that the probability of taking the wrong suitcase will be greatly reduced.
airline record keeping
The Global Aviation Administration stipulates that airlines need to collect various data on passengers and flights, which is conducive to improving aviation safety.
We can use blockchain technology to encourage pilots and airlines to record data on the blockchain. After the flight data is uploaded to the chain, the false passenger information and other data will disappear.
Token Rewards
A big disadvantage of traditional airline mileage awards is that their miles can only be redeemed for a very limited number of goods or services, which means that these awards lack universal value. In addition, the process of redeeming these types of rewards is very complicated. If you want to use them to buy things other than the airline, you need to find the store that cooperates with the airline.
Using cryptocurrencies can solve this problem. No matter what the local fiat currency is, we can use cryptocurrencies to pay for goods. Cryptocurrency is not limited to any one country and region, so the reward mechanism is more extensive.
At present, Singapore Airlines has announced plans to use tokens to issue rewards. Its an innovative experiment that will hopefully spark other airlines to follow suit.
(I am Zhao Huanxin, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat 17778170972 for breaking news and communication. Please note your name, unit, position and reason.)
(I am Zhao Huanxin, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat 17778170972 for breaking news and communication. Please note your name, unit, position and reason.)
