Aviation blockchain is a digital solution for recording as well as updating the transactions related to aviation related assets for ensuring the advanced safety and security of airline activities.
Under the scope of the research, the aviation blockchain study includes the various blockchain functions including record keeping and transactions.
Aviation blockchain is majorly used by the airport authorities, MRO organizations, and aircraft solution providers to ensure the update of digital-based aviation related transactions. Cargo and Baggage Tracking, Passenger Identity Management, Flight and Crew Data Management are the key application areas for Aviation blockchain technology.
The growing adoption of air transportation and increasing adoption of AI-based smart technology are creating significant demand for aviation blockchain in the near future.
Asia-Pacific is the leading consumer of the aviation blockchain in the global market and it is expected to maintain its dominance by end of the forecast period.For purpose of analysis, the global aviation blockchain market is segmented on the basis of application, end-use, function, and region. Depending on application, it is segregated into cargo and baggage tracking, passenger identity management, flight and crew data management, supply chain management, and others.
By end-use, it is categorized into airlines, airports, and others. Depending on function, it is fragmented into record-keeping, and transactions.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.The key players analyzed in the global aviation blockchain market include:
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Source: Cryptocurrency - investing.com
