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ARC testing blockchain tech with United Airlines
Airlines Reporting Corp is touting the successful completion of a joint feasibility proof of concept for its settlement system using blockchain tech.
ARC tapped blockchain solutions firm Blockskye for the reporting and settlement of United Airlines tickets.
Blockskye provides blockchain solutions to the travel and entertainment industries.
The PoC entailed end-to-end testing of the ARC private blockchain in reporting and settling United tickets.
It tracked ticket transaction progress from the issuance stage through to settlement, identifying all changes through smart contracts.
ARC is working with the airline and Blockskye to test it with one of United’s corporate customers.
"ARC is committed to leading the air travel industry in the exploration of new technologies that have the potential to deliver options and business value to the global air travel community," said ARC’s vice president and chief information officer, Dickie Oliver.
ARC settled $88.5 billion in ticket transaction value in 2017 between airlines and travel agencies, for more than 287 million passenger trips.
"This PoC has allowed us to demonstrate the innovative capabilities that this technology enables, but more importantly, to simplify the payment and booking process," said Jeff Christensen, managing director of distribution and ancillary pricing at United Airlines.
By Jahan Khan
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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