SITA invites airline industry stakeholders to join blockchain project

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.

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