UN Aviation Agency President: Blockchain Can Offer Tremendous Benefits for Industry

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The president of the United Nation’s specialized agency for aviation has said that blockchain technology could offer tremendous benefits across aviation systems globally, industry news source AirTrafficManagement.net reported on April 4.The president, Dr. Olumuyiwa Benard Aliu, made his remarks to an international audience of government officials, aviation and tech experts during the inaugural Council for the International Civil Aviation Organization (ICAO) Blockchain Summit and Exhibition in Abu Dhabi.Dr. Aliu noted that with global air traffic volumes anticipated to double over the next 15 years, blockchain technologies have a major potential to reduce pressure on current resources, while sustaining quality amid increasing demand.With increased air traffic, ground, passenger, ticketing and cargo handling activities are set to intensify, the ATM news reporter notes — along with the accompanying tracking, administrative and certification requirements. In this light, Dr. Aliu emphasized that:“Blockchain has the potential to virtually exclude loss, distortion, or forgery of vital…

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