In an era in which catching a flight is easier than renting a car, and an estimated 40 million flights will occur this year alone, it is understandable that competition is fierce, and even the smallest advantage may be the difference between leading the industry and being forced into an unwanted merger.
Last year, Cointelegraph discussed the potential benefits the blockchain industry can have for airlines. Fast-forward 12 months and the waves this technology is making not only for airlines but also air travel and the aviation industry as a whole can be clearly seen. We have gone from a period in time in which competitors see the potential into an era seeing blockchain applications being regularly announced around the world. In fact, executives from some of the largest airlines are publicly stating the priority of blockchain integration — the latest from Norwegian Airways, as it announced the launch date for its cryptocurrency exchange, NBX. Managing director of the exchange, Kjos-Mathisen, said in an interview to a local news source: