Blockchain help in aviation industry

Dynamic optimization of aviation enterprises with the help of blockchain. General Electric (GE), US diversified corporation offers the use blockchain technology in the aviation industry. According to the US Patent and Trademark Office, the company has made 5 patent application. The applications touch upon multiple services of managing, operating aircraft, maintenance services and so on. The blockchain technology is designed to simplify the payment process for the services provided to aviation companies. "The delivery of the cash flows amongst stakeholders is certainly enabled with traditional debits and credits into financial accounts and may be implemented with crypto-currency mechanisms whose core logic is informed by precise allocation of cash flows" the document says
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