BlockchainGlobal StandardsICOTransport

Blockchain to Disrupt the Global Aviation Business

Blockchain start-up AVINOC hopes to bring passengers, airlines, air traffic control and travel agencies together with its decentralized technology solution. The company aims to challenge the status quo of centralized booking companies. AVINOC’s Blockchain technology allows for direct link between those involved in the process, cutting out needless intermediaries and connecting passengers and airlines to flight bookings. AVINOC provides other services such as group bookings for increased organization and ease of use. In addition there is a considerable cost reduction for airlines and operators.

AVINOC is a blockchain solution for BizAv and is building a foundation for solving problems in the Airline Business. It will schedule Airline and Charter Business in a worldwide development roadmap. Using a system known as the Global Distribution System (GDS), transactions are made between airlines and travel agencies that offer air travel to passengers. This market is dominated by three players worldwide. Apart from the GDS and as a more recent development, numerous price comparison and booking portals have emerged over the last two decades, separating airlines from customers and leading to a lack of transparency.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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