Airlines Reporting Corp. Partners with Blockskye

A partnership between a blockchain start-up, Blockskye with Airlines Reporting Corp. (ARC) has completed the blockchain proof of concept (PoC) for direct ticket sales settlement. The managing director of distribution and ancillary pricing at United Airlines in United Airlines explained, “Time-consuming processes such as receipt collection for expense reports can be greatly improved, which will give travellers more time.”

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Airlines Reporting Corp. Partners with Blockskye

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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