Blockchain In Aircraft

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Blockchain In Aircraft


Blockchain In Aircraft – news feed


16-Aug-18 Chinese Aerospace Firm Looks To Blockchain To Improve Electronic Invoice Management

The new blockchain platform may help with the tracking of billions of financial documents.

China’s state-owned Aerospace Science and Industry Corporation Ltd. has created a blockchain-based platform to improve its electronic invoice system, according to an official announcement dated August 13.

The announcement, which was also posted in China’s official state newspaper, People’s Daily, describes how blockchain technology can improve the nation’s electronic invoice system, specifically for taxes.


16-Aug-18 Chinese Aerospace Firm Looks To Blockchain To Improve Electronic Invoice Management

The new blockchain platform may help with the tracking of billions of financial documents.

China’s state-owned Aerospace Science and Industry Corporation Ltd. has created a blockchain-based platform to improve its electronic invoice system, according to an official announcement dated August 13. The announcement, which was also posted in China’s official state newspaper, People’s Daily, describes how blockchain technology can improve the nation’s electronic invoice system, specifically for taxes.


24-Jul-18 Singapore Airlines Launches Blockchain-Based Loyalty Wallet, Co-Developed by Microsoft

Singapore Airlines (SIA) has launched its own airline loyalty digital wallet that uses blockchain technology, it announced July 24. The software has been co-developed by Microsoft and KPMG Digital Village, according to the press release.

The new wallet — dubbed ‘KrisPay’ after SIA’s ‘KrisFlyer’ loyalty programme — converts frequent flyer miles into digitized ‘KrisPay miles’ that can be used to pay for retail purchases via a mobile app.

As minimum expenditure, users of the wallet can spend 15 KrisPay miles (equivalent to about S$0.10, or US$0.73) to make or offset purchases at point-of-sale for food and drink, petrol, beauty treatments, and other products from selected retailers.


20-Jul-18 Lufthansa Announces Global Blockchain Challenge for the Aviation Industry

Singapore Lufthansa Innovation Hub (LIH) and the SAP.iO Berlin Foundry have teamed up to launch the first ever Aviation Blockchain Challenge worldwide.

Announced in a blog recently, the challenge seeks to explore potential opportunities and drive adoption of Blockchain technology in the airline industry.


17-Jul-18 Boeing to Develop Blockchain-Enabled Unmanned Vehicles in New Partnership

Singapore Boeing is partnering with an artificial intelligence (AI) company to develop pilotless vehicles and other products using blockchain, it announced in a press release July 17.

Texas-based SparkCognition, a company which Boeing invested in in a $32 million funding round last month, will work with the aviation giant on a platform which will track unmanned air vehicles and allocate flight corridors.

As a byproduct of this development, the partnership “will also provide a standardized programming interface to support package delivery, industrial inspection and other commercial applications,” the press release explains.

A buoyant SparkCognition CEO Amir Husain said the aerospace industry will go towards the creation of a giant new market worth upwards of $3 trillion.