Eric Albuja Discusses How Blockchain is Revolutionizing Airline Transparency

What is Blockchain in Travel? Blockchain is a decentralized digital ledger that records transactions securely and transparently. In the airline industry, it can be used for ticketing, identity verification, baggage tracking, and fraud prevention. Unlike traditional systems, blockchain ensures that all data is stored in an immutable format, meaning it cannot be changed or manipulated. How Blockchain is Enhancing Airline Transparency 1. Eliminating Hidden Fees and Pricing Confusion One of the biggest concerns for travelers is unclear pricing. Airlines often use dynamic pricing models, which can confuse customers. Blockchain can create a transparent pricing system where ticket costs and additional charges (such as baggage fees) are recorded and accessible to passengers, ensuring fair pricing. 2. Improving Ticket Security and Fraud Prevention Fake tickets and double bookings are common issues in the airline industry. With blockchain, each ticket is recorded as a unique digital asset ...