Swissport Launches A Blockchain Pilot Program
Swissport, a Swiss airport ground handling and cargo company is launching a blockchain pilot program for its cargo handling business. The organization is launching a pilot program in participation with Olam, an NPO seeking to build up an open-source platform for inventory supply chain partners.
Swissport’s head of global cargo operations, Hendrik Leyssens said that blockchain could increase the speed of transactions, upgrade security and assist in reducing the operational cost. He added:
“Thinking beyond traditional messaging, blockchain could eventually become the new standard allowing us to overcome the chronic lack of transparency, which is typical for fragmented supply chains.”
Apart from the freight handling, Swissport will also be extending its blockchain pilot program to its passenger services business with Winding Tree as their partner for the cause. Winding Tree is a blockchain-based travel distribution platform. The partnership will primarily focus on implementing blockchain technology to the dispersal of classic travel services to independent travellers, such as access to the airport lounge. Supervisor of Swissport’s innovation unit, Florian Eggenschwiler said:
“We expect to see lasting benefits from this technology for fragmented global industries like aviation services and supply chain. It will likely change how service providers, clients and partners will transact with each other. We want to get familiar with such technologies early in the innovation cycle and partner with technology leaders to explore its potential in our business for a variety of use cases.”
Blockchain has been picking up footing in the supply chain and logistics industry in the previous months. Of late, a US transport colossus Norfolk Southern Corp. declared it is joining the Blockchain in Transport Alliance (BiTA), which intends to publicize and evolve blockchain applications in the transport and logistics industries.
In April, Walmart reported that it is prepared to utilize blockchain technology in its live food business, which will assist the organization in diminishing waste, as well as refine contamination management and transparency.