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Lars Winkelbauer - How Blockchain Ensures Integrity in Air Cargo Data Management

There are many ways that blockchain technology is changing the aviation industry. Its most important feature is that it is safe and cannot be changed. In this way, it helps make sure that the data is correct and complete. This is why the aviation business, which depends on accurate data, could benefit a lot from the newest blockchain technology. Read more about blockchain in Lars Winkelbauer | AI, Crypto, Blockchain & Sustainability.

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Lars Winkelbauer - How Blockchain Ensures Integrity in Air Cargo Data Management

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  1. Lars Winkelbauer - How Blockchain Ensures Integrity in Air Cargo Data Management

  2. There are many ways that blockchain technology is changing the aviation industry. Its most important feature is that it is safe and cannot be changed. In this way, it helps make sure that the data is correct and complete. This is why the aviation business, which depends on accurate data, could benefit a lot from the newest blockchain technology. Read more about blockchain in Lars Winkelbauer | AI, Crypto, Blockchain & Sustainability. Blockchain technology in the air cargo industry makes it easier to distribute income quickly. It cuts down on costs and gets rid of the chance of delays caused by disagreements over revenue sharing. Blockchain technology helps flights stay on time. It helps avoid costly delays by creating a single system that follows certain rules. This means that blockchain can help airline managers, airlines, and passengers a lot.

  3. Decentralized: Blockchain is decentralized, meaning there is no central authority or one person in charge of the system. One can store anything from cryptocurrencies to important documents without a third party or even a government. Immutability: When something is immutable, it means it cannot be changed or modified. No one can change the system without telling everyone else in the blockchain network. This is because blockchain technology cannot be broken open.

  4. Enhanced Security: Using encryption in blockchain makes the system much safer. Cryptography is a mathematical algorithm that protects users from attacks. Blockchain uses it to give users even more security. Every piece of data on the blockchain is encrypted and cannot be read. The aviation industry could be changed forever by blockchain technology. It helps make operations more efficient, cut costs, and make them safer. Here are some examples of how blockchain could be used in aviation.

  5. Collection and Storage: Blockchain helps gather and store all the information. The information that is stored can be used in many ways, such as • Recording the information of assets in real-time and in a reliable manner. During bad times, knowing things like the flight path, when to board with bags, how to find a lost object, passenger information, and so on, can be helpful. • Storing all flight-related information remotely on a blockchain backup record can be an extra layer of security.

  6. Saves on maintenance costs: Blockchain can keep track of the condition of every part of an airplane and update the logs all the time. It will help cut down on the time needed for regular plane checks and repairs. • Regularly updating the ledger will make things run more smoothly and make better use of resources. • Blockchain can help with predictive maintenance. It can help get rid of problems before they get in the way of airlines' essential operations.

  7. Smart Tickets: Smart tickets are an idea that can become a reality with the help of blockchain technology. It will get rid of the need for paper tickets. Keeping smart tickets on a blockchain will lessen the chaos when an airport's main database of tickets crashes. Learn more about the air cargo industry in Exploring the Dynamics of Air Cargo Through Intermodal Integration. Source Credit: https://larswinkelbauerai.blogspot.com/2024/01/lars-winkelbauer-how-blockchain-ensures.html

  8. THANK YOU FOR WATCHING

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