Aviation Blockchain Market May Set New Growth Story | Microsoft, IBM, Deloitte
Research Reports
Sep 03, 2021
Advance Market Analytics published a new research publication on “Aviation Blockchain Market Insights, to 2026″ with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Aviation Blockchain market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in the study are:
Microsoft Corporation (United States), IBM Corporation (United States), Zamna Technologies (United Kingdom), Aeron Labs (Belize), Winding Tree (Switzerland), Volantio Inc (United States), Filament (United States), Infosys (India), Insolar Technologies (Switzerland), Leewayhertz Technologies (United States), Moog Inc. (United States), Deloitte (United States), Avinoc LTD (Hong Kong), Leewayhertz Technologies (United States).
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Scope of the Report of Aviation Blockchain
Blockchain is a special type of distributed ledger in which the data is collated into “blocks†before being added to the shared database, and the blocks combine to form a single sequential chain. In the aviation sector, Blockchain is used to provide reliability, convenience, transparency, and validation benefits. Blockchain in aviation helps to maintain and records data so that multiple stakeholders can confidently share mutual access. It operates by recording and storing every transaction across the peer-to-peer network in a cryptographically-linked block structure that is replicated across network participants. Blockchain enables multiple stakeholders to operate from a single, shared, mutualized data ledger, eliminating the need for separate record-keeping and reconciliation. The Blockchain contains a record of all transactions and data recorded in the chain from its inception. According to Air Transport IT Insights published by SITA Groups in 2018, 34% of airports are planning Blockchain research and development programs by 2021. One area in which airports see Blockchain potential is the ability to help improve passenger identification processes, in part by reducing the need for multiple ID checks. This growing adoption of Blockchain in aviation will rapidly drive the market growth in upcoming years.
The titled segments and sub-section of the market are illuminated below:
by Application (Passenger-Focused and Ticket Sales (Passenger Identity Information,, Passenger Loyalty Programs, Blockchain Registers of Flights & Ticket), Aircraft Ownership and Financing, Cabin Crew, Aircraft Parts and Subsystems (Parts Tracking, Registers of Aircraft Parts and Subsystems, and Aircraft Parts and Subsystems Service Histories)), Function (Record-Keeping, Transactions), Platform (Manufacturers, MRO Service Providers, Airline Company, Customer, Flight Auditor, Buyer), Aviation Blockchain Type (Public, Private, Hybrid), Components (Database, Permissioned Blockchain, Smart Contract, Public Blockchain, Supply Chain Management)
Market Trends:
Companies Integrating Blockchain Technology in Aerospace Industry
Opportunities:
Streamline The Earning, Spending, Accounting and Reconciliation Of Frequent Flyer Points
Tracking of the Status and Location of Valuable Assets such as Passenger Bags, Cargo, and Aircraft Spare Parts
Passenger and Crew Identity Management
Market Drivers:
Robust Cryptographic Techniques enables Greater Certainty of Data Quality
Reduced Costs and Transactional Complexities
Distributed and Stability Benefit
Challenges:
Data Modification is a Difficult Task
Blockchain Can Grow Very Large Over Time Requiring More Storage Space
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Aviation Blockchain Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Aviation Blockchain market
Chapter 2: Exclusive Summary – the basic information of the Aviation Blockchain Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Aviation Blockchain
Chapter 4: Presenting the Aviation Blockchain Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Aviation Blockchain market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Aviation Blockchain Market is a valuable source of guidance for individuals and companies.
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