Bitcoin could be more to airlines than “just an asset” for exchange

The airline industry is a complex, dynamic, and very competitive industry operating in a high-volume, low-margin environment.  In order to operate profitably the layers of business systems that underpin it require extreme efficiency and precision, in multiple areas such as reservations, inventory, departure control, and ticketing.

A recent industry report, commissioned by global travel industry IT Provider Amadeus, highlighted many opportunities to streamline financial processes. The report, by leading market research consulting firm Frost Sullivan, claims that accepting the currency bitcoin can help boost airline revenue, but more importantly, integrating blockchain technology could be “revolutionary” for the airline industry.

– Frost Sullivan

The report explains that while airlines have done an admirable job of running extremely

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