Blockchain Technology

In the context of aviation, Blockchain Technology refers to a decentralized and distributed digital ledger that records transactions across multiple computers in such a way that the involved records cannot be altered retroactively, without the alteration of all subsequent blocks. This technology is being explored in aviation for its potential to improve efficiency, security, and transparency in various processes. For instance, it can be used for tracking the lifecycle of aircraft components, which can help in maintenance and safety procedures. It can also be used in ticketing processes to prevent fraud and streamline operations. Furthermore, blockchain can be used for secure and efficient cargo and baggage tracking, which can significantly improve customer experience and operational efficiency. The technology's ability to provide a single, unchangeable version of data truth makes it a promising tool for various aviation applications, from operations and maintenance to passenger identity verification.