Swissport looking into the benefits of using blockchain

posted on 29th May 2018 by Justin Burns
Swissport looking into the benefits of using blockchain

Global cargo handler Swissport is studying the benefits of blockchain for its cargo handling business – where it says tracking and documentation are of key importance.

The company said it intends to start a pilot phase with Olam, a non-profit foundation, dedicated to developing an open-source platform for supply chain partners. This platform it says should enable them to collaborate in a decentralised, but secure and trust-enabled environment.

Head of global cargo operations, Hendrik Leyssens added: “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 has also signed a letter of intent with Winding Tree – a blockchain-based travel distribution platform – aimed at jointly exploring the potential of distributing Swissport’s existing travel services and new offers.

Blockchain will allow any provider to tap into Swissport’s inventory through Winding Tree. While the focus will initially be on distributing classic ancillary travel services to independent travellers, like airport lounge access for example, blockchain can facilitate an efficient distribution of additional services to individuals and corporate clients in the longer term.

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.