Block chain technology is worth looking forward to the future

Block chain technology is worth looking forward to the future


An international aviation trade organization, the International Air Transport Association (IATA) said one of the five finalists a block chain startups will be the 2017 air cargo innovation award.

According to reports, is located in the Zurich Gatechain company will participate in March 11th by the International Air Transport Association (IATA) sponsored by the

Abu Dhabi (Arabia, UAE)

2017 air cargo Innovation Award finals. Selected by the jury of the winners will receive cash awards at the beginning of March 16th meeting.

Gatechain in the distributed network on the development of trade finance solutions depends on the paper for the storage and transmission of information providing the block chain based business process solutions for traditional.

It is worth noting that this is not the block chain technology for the first time by the International Air Transport Association (IATA) on.

In October 2016, IATA gave the award to a document based on the Irish block chain technology startups, the company aims to simplify the flight delays and cancellations of refund and compensation process.

IATA is also committed to the development of “single passenger token”, to solve the problem of identity management in commercial aviation industry. According to the test plan announced last year, biometric information for travelers can be embedded block chain and standard for the global aviation security agency. (Translation: bitcoin home / Liu You)

About IATA

The International Air Transport Association (InternationalAirTransportAssociation, referred to as IATA) is a large international organization composed of World Airlines, its predecessor is the international aviation business association was founded in Hague in 1919 and the disintegration of the Second World War, headquartered in Montreal Canada, Geneva based executive. Compared with the regulation of aviation safety and navigation rules of international civil aviation organization, it is more like a carrier (airline) international coordination organization and management in civil aviation transportation in the transport of dangerous goods such as the fare, and so on, the main role is by air transport enterprises to coordination and communication between the government and policy. To solve the actual operation problems.

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