Home Travel Technology SITA invites airline industry stakeholders to join blockchain project
Wyndham Hotels & Resorts debuts all-inclusive resort brand Wyndham Alltra in Asia, re-introduces TRYP by Wyndham into South Australia & expands presence in New Zealand
Aviation technology provider SITA has launched a industry research project to explore the potential of blockchain.
Barbara Dalibard, CEO, SITA, said: “Blockchain holds many promises but exploring these in individual organisations is not the most productive. As the technology company owned by airlines, SITA is in a position to work neutrally with multiple stakeholders to explore and test multi-enterprise applications. Through this collaborative innovation we will accelerate the learning for all.”
One of the key benefits of blockchain technology is hence the ability to have multi-enterprise applications, SITA said in a statement. These work across multiple organisations locking data immutably into the blockchain rather than having individual applications running separately and exchanging data on a case-by-case basis, providing a “single source of truth” to all stakeholders.
Led and managed by SITA Lab, SITA’s technology research team, the Aviation Blockchain Sandbox will develop in three stages. To start, SITA is opening the FlightChain project to airlines and airports in September. FlightChain was SITA’s blockchain trial, with British Airways, Heathrow, Geneva Airport and Miami International Airport, using smart contracts for shared control of data.
For the second stage, SITA will work with organisations that wish to test smart contracts across a number of airline and airport operational use cases.
During the third stage of the research, which is expected to start in late 2018, SITA will enable participants to run their own node, allowing them to become more involved and to participate in the running of the network, including becoming custodians.