Swissport is to study the benefits of blockchain for its cargo handling business.
The company is launching a blockchain pilot phase with Olam, a non-profit foundation dedicated to developing an open-source platform for supply chain partners.
Blockchain creates a digital record of every transaction made in a decentralised and secure way using cryptography.
Hendrik Leyssens, head of global cargo operations at the ground handler, stated: “Thinking beyond traditional messaging, blockchain could eventually become the new standard allowing us to overcome the chronic lack of transparency, which is typical for fragmented supply chains.
“Blockchain could speed up transactions, enhance transaction security and at the same time unlock cost savings.
Swissport’ passenger services business will also look to apply the new transaction process by partnering with Winding Tree, a blockchain-based travel distribution platform.
The aim is to jointly explore the potential of distributing Swissport’s existing travel services and new offers.
The focus will initially be on distributing classic ancillary travel services to independent travellers, like airport lounge access for example.
Among Winding Tree’s travel industry partners so far are airlines and hotels. Swissport will be the platform’s launch partner for ancillary ground travel services.
“Blockchain allows us to reimagine how we work with our partners in the complex aviation and logistics ecosystem,” says Florian Eggenschwiler, who oversees Swissport’s innovation unit.
“We expect to see lasting benefits from this technology for fragmented global industries like aviation services and supply chain. It will likely change how service providers, clients and partners will transact with each other.
“We want to get familiar with such technologies early in the innovation cycle and partner with technology leaders to explore its potential in our business for a variety of use cases.”