This paper is published in Volume-4, Issue-5, 2018
Area
Blockchain and Cryptocurrency
Author
Mudit Verma
Org/Univ
RayMach Technologies Private Limited, New Delhi, Delhi, India
Pub. Date
29 October, 2018
Paper ID
V4I5-1479
Publisher
Keywords
Blockchain, Flight operation, Aviation, Cryptocurrency

Citationsacebook

IEEE
Mudit Verma. Application of hybrid blockchain and cryptocurrency in aviation, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Mudit Verma (2018). Application of hybrid blockchain and cryptocurrency in aviation. International Journal of Advance Research, Ideas and Innovations in Technology, 4(5) www.IJARIIT.com.

MLA
Mudit Verma. "Application of hybrid blockchain and cryptocurrency in aviation." International Journal of Advance Research, Ideas and Innovations in Technology 4.5 (2018). www.IJARIIT.com.

Abstract

It is well known that travel industry accumulates enormous data and stores in a central repository of each facility provider such as airlines. If we refer to one flight operation then this alone accrues a lot of data related to aircraft, flight, Passengers, Baggage & logistics, Inflight Food & Crew. A single flight is a perishable item and it cannot be consumed again so in order to protect and secure the information, industry should be banking on a high level of methods to protect the data. Instead of that, airlines are still working on Central repositories which work on DBMS logics. Aviation industry needs to be transparent and cautious about its data after seeing the kind of growth we are experiencing in the travel industry. In today’s era, Public blockchain is being used by many digital currencies such as Bitcoin but same cannot be applied in the aviation industry since it is a matter of security and it works in a closed network. Whereas, private blockchain restricts public users to interfere which itself has got many challenges. However, hybrid blockchain can be a solution to be transparent and at the same information is also secured if we keep the network private and provide access to the public to verify the information without amending it. Moreover, cryptocurrency can be extremely useful for any transaction such as ticket booking, in-flight sales and other related purchases from airlines. An ecosystem of hybrid blockchain can be built to facilitate the operations of airlines & airports which, in turn, will resolve multiple data management issues along with security. This paper suggests methods to support each department of flight operation via blockchain & cryptocurrency.
Paper PDF