Airlines can save up to 7% in overall cargo handling operations using blockchain-based supply chain management solutions, which is another testament to the technology’s disruption potential, reports Cointelegraph.
Airlines saved 7% in cargo handling operations in a recent study conducted at Heathrow Airport by Aventus, a firm offering enterprise-grade blockchain-as-a-service solutions.
Beyond the 7% cost reduction, airlines also saw improved operational efficiency during the study, according to Alan Vey, the founder of Aventus.
“Faster turnaround times, faster container location, and more streamlined communications between airlines and ground handlers… Airlines and cargo handers can redeploy the time saved on more productive operations, which is where this cost saving comes from,” said Vey.
Blockchain experts are optimistic about the technology’s potential for disrupting major industries, but many of the envisioned use cases have yet to materialize. Blockchain applications saving costs in major industries, such as aviation, could significantly boost enterprise blockchain adoption.
Aventus has also achieved a 90% reduction in communication and error incidents for airlines.
This was achieved mainly due to the outdated Unit Load Devices (ULDs), as airports have been using the same models since the 1990s.
