Blockchain Trial For Settlement Of Tickets Completed By Airlines Reporting Corp.

Blockchain, News | January 10, 2019 By:

Airlines Reporting Corp. (ARC), in partnership with blockchain startup Blockskye, has successfully completed a joint blockchain proof of concept (PoC) for settlement of direct ticket sales.

ARC, which is owned by nine major airlines, provides ticket transaction settlement services between airlines and travel agencies (both traditional and online) and the travel management companies that sell their products in the United States.