Every year, the aviation industry generates a torrent of data essential to keep air travel reliable and safe.
In turn, the startup AeroChain is launching a protocol to store aviation data on a decentralized blockchain network.
Aviation data is currently stored by custodial figures who communicate that data to regulatory bodies and aviation companies.
Decentralized blockchain solutions such as AeroChain keep data on a blockchain, where it can be viewed by those with access.
The thousands of pilots from professionals flying Boeing 747s to hobbyists flying single-engine planes are responsible for their safety and that of the passengers, other aircrafts, and people on the ground.
Swayne Martin recently interviewed PSA Airlines CEO, Brooks Butler, and ExpressJet Airlines recruiter, Eric Graser, about job applicants logbook errors, noting that some pilot logbooks were off by more than 20 hours.
Logbook errors are not always caught which results in unqualified pilots cruising the skies.
Maintenance logbooks aren't only essential for safety - they travel on the plane from pilot to pilot, impacting the plane's value.
AeroChain's decentralized solutions for pilot and maintenance logbooks won't replace proper recording practices, but they facilitate easier data management for pilots, owners, and mechanics.
Blockchain could serve as the foundation of a plane insurance marketplace or help commercial pilots arrange charter clients.
Decentralized Data: The Key to Safer Air Travel?
Publicado en Jun 3, 2018
by Cryptoslate | Publicado en Coinage
Coinage
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.