Aviation industry + blockchain, Further Network can provide these services to passengers
【Published by Blue Fox Note／Kirill Shilov／Water Rabbit／Zhang Yong Qing】
There are many places in the aviation industry and blockchain that can be combined. Improving the accuracy of communication through the blockchain can reduce the loss caused by message conflicts, and for the passengers, there will be a better user experience.
Further Network
Further Network is introducing a decentralized billing, billing and payment (BSP) model for safer, more convenient travel and a choice of all travel needs. It does this through its smart contracts (called Smart Travel Records [STR]) and its Token Aton. Its innovation helps the aviation industry improve its services, transparency, and profitability.
Airlines are almost inoperable, let alone innovative, with a profit margin of 2.5%-5%. A decentralized BSP model breaks billing and payment costs, enabling airlines to increase profits. The Fast Network can achieve this by eliminating third parties and completing instant P2P communication.
Further Network provides the following services to airlines and passengers:
1. Decentralized billing, billing, and payment (BSP) process: The Fast Network helps airlines reduce operating costs (by eliminating third parties) so airlines can focus on a customer-centric experience that increases profits.
2. Passenger Wallet with Biometric ID: The Further Network provides passengers with a personal customer wallet for managing their travel assets and Aton transactions. At the same time, it adds biometric identification to its wallet and helps improve the “customer journey” by reducing multiple ID data points to a single point controlled by the traveler.
3. Distribution of P2P tourism products: As the International Air Transport Association (IATA) is the liaison between airlines and travel agencies, the non-International Air Transport Association airlines lack visibility. Further Network’s blockchain technology can not only help these airlines self-promote, but also help these companies transfer their inventory through decentralized books.
4. Blockchain-based passenger service system: The Fast Network blockchain technology provides airlines with a secure decentralized data management system. Tickets need to do more than just record flight information. They should also be tailored to the needs and preferences of the traveler. Tokens (via STR) can help parties and travelers change, sell, add options and Define the ticket.
5. Open network standards and P2P exchange markets: airlines, hotels, car rentals, cruise ships, railroad operators and other interested parties can use the Fast Network blockchain to build their own technology to help them expand and innovate their systems.
In short, Further’s blockchain technology helps airlines improve the components of their business, including customer service, inventory management, transportation, storage and material handling, marketing, messaging, demand forecasting and other activities. Blockchain technology can also help airlines increase their direct channel sales, cross-selling, and dynamic pricing.
Shared decentralized books provide a closed, decentralized cloud system for secure data management and cost reduction. All parties share instant messaging through Further’s decentralized ledger, which protects against security issues, enhances corporate appeal and increases profits.
■ Source: knowing.news
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