SITA, the air transport industry’s technology provider, announced the launch of a major industry research project to explore the potential of blockchain. More than 100 top IT executives were the first to be invited to join the Aviation Blockchain Sandbox.
SITA is investing in the infrastructure to accelerate industry-specific research into the viability of running multi-enterprise apps using distributed ledger technology, more commonly known as blockchain. The Aviation Blockchain Sandbox will be led and managed by SITA Lab, SITA’s technology research team, and will develop in three stages.
This will give the organizations the opportunity to become more involved and to participate in the running of the network, including becoming custodians. Throughout all stages the participating organizations can be assured that the data being used in the blockchain sandbox will be stored confidentially.
Collected and summarized from the source below by Ta Ngoc Diep: