Swissport to use blockchain in their aviation services

Swissport plans to utilize blockchain in their cargo and passenger services through partnering with two blockchain-oriented companies
30 May 2018   665

One of the spheres to benefit greatly from use of inherently transparent and secure blockchain technology is cargo and passenger transportation. At least that's what Swissport, a Swiss aviation services company, thinks. The company is looking into using blockchain to streamline its cargo handling and passenger service.

Swissport has partnered with Olam, a Swiss non-profit foundation, to launch a pilot of an open-source platform for the supply chain. Olam utilizes blockchain and smart contracts to record shipment information and changes of custody.

Hendrik Leyssens, head of global cargo operations at Swissport, commented that using blockchain is a bid for the future-proofing the operations, because it can speed up transactions and enhance their security, while also reducing the operational costs and overcoming the chronic lack of transparency in fragmented supply chains.

And distributed ledger usage won't to be limited just to cargo handling. Swissport plans to adopt blockchain for the passenger services, provided by the company. Partnership with Winding Tree, a blockchain-based travel platform, is a proof of that. Connecting various parties to provide traveling experience to users without resorting to “help” from multiple intermediaries is a goal of Winding Tree Foundation, and Swissport wants to explore the potential of distributing its existing travel services on the platform.

PwC to Represent Crypto Analysis Tool

Halo aims to provide warranty services to cryptocurrency transactions, in particular, the solution helps to create independent evidence for private-public key pairs
20 June 2019   78

One of the world's largest consulting firms, PricewaterhouseCoopers (PwC), announced the launch of an updated audit solution that supports cryptocurrency assets. This is stated in the press release of the company.

A tool called Halo aims to provide warranty services to cryptocurrency transactions. In particular, the solution helps to create independent evidence for private-public key pairs, which is one of the elements necessary for establishing cryptocurrency ownership rights.

In addition, Halo can collect information about transactions and balances on the blockchain.

As noted in the statement, the decision can be used by companies for which PwC is not an auditor. The initiative should help them try new opportunities and solve problems related to the blockchain and cryptocurrencies.

Currently, PwC can use the updated tool to provide warranty services to customers operating Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, LiteCoin, Ethereum, Ripple (XRP), as well as the ERC-20 OAX token.

PwC has been showing quite a strong interest in the cryptocurrency industry for several years now. So, in 2017, the company began accepting payments in Bitcoins, and last year began to develop new standards for the ecosystem of digital assets and stablecoats.