Blockchain Technology is running the current business framework and showing us the way for future decades. While, in India, it is already serving industries like Manufacturing, Supply Chain, Banking, Healthcare and Financial Services, the Aviation Industry is yet to realise its benefits to the maximum.

One of the biggest problems faced by the Indian aviation sector is flight delays:

• Many airline companies are facing a loss of billion dollars every year due to this.
• If a flight gets delayed more than the time limit, it results in the late departure of another flight. Thereby, affecting the passengers, crew and other stakeholders.
• Other than flight delays, there are many other issues faced by the Indian aviation industry. And, as Blockchain Technology can store information in a decentralised manner, its application in this sector can prove beneficial in numerous ways.

Flight Delay Management

• Acquisition and curation of data can help in tackling the delays of flights. In data acquisition, physical world conditions and phenomena such as temperature, humidity, sound, pressure and weather conditions are measured.
• This is done through sensors which read the environment’s analogue signals and convert them into digital signals.
• The resulting digital numeric signals can then be used by the airlines in designated time slots to specific flights, thereby, helping in flight delay management.
• It will also help in decreasing time consumption, accidents due to flight delays, and will help the airline companies in saving billions of dollars every year.

Increasing Airline Revenue

• Data mining techniques can help airline companies in understanding the sentiments of the customers while booking the tickets.
• And, this can help them in curating personalised offers through predictive analysis techniques, thereby, optimising the price in real-time and fetching more bookings.

Maintenance

• Passengers often worry about the mishandling of their baggage. However, Radio-Frequency Identification can help solve this problem.
• According to the latest India Market Forecast by Airbus, the air traffic in the Indian market is expected to grow 8.1% every year over the next 20 years, which is almost twice as fast as the world average of 4.4% (source: Airbus.com).
• Therefore, with the help of big data analytics, measures such as flight routes, runway bandwidth, type of aircraft, etc can be identified which can further help in optimising the use of Indian airspace.

Cost Curtailment

• The application of Blockchain Technology can help Indian aviation companies in cutting down their costs in several ways.
• Every year lots of baggage get displaced which then has to be compensated by the airlines. However, this can be avoided by using real-time baggage tracking data.
• Also, the collection and analysis of real-time fuel consumption data can help in reducing costs.

Improved Customer Experience

• And, last but not the least, the application of Blockchain Technology can help the Indian aviation companies in providing customer satisfaction to the fullest.
• This can be achieved through reading customer ticket booking pattern, predictive analysis, etc which can help the airline companies in providing their customers with exclusively curated promotional offers based on their experiences, preferences, etc.
• The Indian aviation sector is an ever-growing industry and the application of Blockchain Technology in its processes can totally transform the experience of all the stakeholders involved.

RayMach Technologies Pvt Ltd provides business consulting along with products and services tailored to the Aviation Industry. Thriving on the vision of optimising and automating business operations and processes, it emphasises the scope of improvement in different departments including crew management, flight management, engineering, revenue, etc.

To know more about how you can improvise your aviation business operations along with keeping in mind the profitability aspect, visit our website or drop us a mail at support@raymach.in & follow us on Facebook, Instagram, Twitter, & LinkedIn.