UN Agency President: Aviation Industry Stands To Gain Many Benefits From Using Blockchain
Blockchain Can Offer Several Benefits For Aviation Industry, UN Agency President Affirms
Olumuyiwa Benard Alu, the president of the United Nation’s specialized agency for aviation, has recently talked about the blockchain technology. He affirmed that the emergent technology can bring several kinds of benefits for the global aviation industry.
His remarks were made during the Council for the International Civil Aviation Organization (ICAO) Blockchain Summit and Exhibition in Abu Dhabi to an audience of government officials from several countries. He also affirmed that global air traffic will double in the next 15 years, so the technology can play an important part because of this.
With the blockchain, he said, it is possible to sustain the quality of the services even with the increase in demand, which will be huge. For instance, the technology can be used to handle several activities like the increase in air traffic, the number of passengers and ticketing.
He also showed how the blockchain can be used in administrative and certification requirements for flights and how useful it is to track the operations. With the blockchain, the president claimed, potentially all loss, distortion, and forgery in the sector can start to be a relic of the past.
According to him, several other areas of aviation can also be beneficiated from the implementation of the blockchain, especially all the areas which require complex records. This includes, for instance, cargo manifests, aircraft maintenance, personnel licensing and more. Not only this, but it can also be used to identify traveler identity, which will benefit governments.
The Future Will Come With Challenges
The blockchain has the potential to change so much in the industry that it is only natural to expect that it will be a very challenging change for the industry, the president affirmed. According to him, the current aviation system that is being used relies mostly on humans and this will change radically.
With further integration on the blockchain, the system would require a thorough review of all its related regulations, responsibilities and procedures.
He affirmed that it was important to make a real effort in order to ensure that the cyber risks of the integration will not be high and suggested the use of smart contracts to protect the safety of the passengers.
The event in which the president has spoken was held under the patronage of the Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and was based in the United Arab Emirates because the country is focused on using the blockchain technology in many areas of the government.