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50 costs , building strong brand images , and making the passenger experience far smoother .
Answering the question of governance when building this single source of truth – deciding who gets to see what and why , and who makes these decisions – is first met by the issue of private vs public . A public blockchain ledger that is truly decentralised and freely distributed is necessary for cryptocurrencies , but this public freedom of information is not appropriate for the aerospace industry . Instead , the blockchain technology under development at SITA Lab operates under private permissions . O ’ Sullivan adds , however , that the tech ’ s immaturity means that this in itself does not solve the issue of governance .
O ’ Sullivan says that figuring out who is responsible for the blockchain , who maintains it and who ultimately owns it are questions being answered by collaboration across the industry . “ You have this incredibly valuable dataset of the true information about a flight , and the question of who owns that data . That needs to be decided as well . Collaboratively , we need to come to an agreement on how we manage that .”
SITA Lab ’ s Aviation Blockchain Sandbox project , launched in October , looks to facilitate this intra-industry collaboration , enabling stakeholders from around the aerospace sector to develop the tools necessary to operating a successful private permissions blockchain solution .
Once these issues are resolved , blockchain offers a shakeup of the B2B space that O ’ Sullivan says could
DECEMBER 2018