Blockchain Technology is Taking Off in the Aviation Industry

Airports and aviation platforms all over the world are looking at blockchain technology to improve certain processes. The latest is the collaboration between Air France-KLM and Winding Tree.

Airports are busy places. People rushing for their flights, staff rushing to make said people happy, family members saying goodbye or hello. Things can get hectic, which is why airports look for ways to make processes simpler and to give their customers the attention they deserve.

Blockchain Flying High
According to Travel Daily News, this can be made possible through disruptive technology. Air France-KLM is partnering with blockchain-based Winding Tree to develop customer-focused travel solutions. The platform describes itself as a “decentralized travel ecosystem” that eradicates the need, and cost, of intermediaries or third parties.
Essentially, suppliers or sellers will be able to interact with customers to expedite travel processes as well as save money that would have gone to a third party. This equates to less money lost on commission for the former and more affordable travel or accommodation options for the latter.
The EVP Strategy and Innovation at Air France-KLM, Sonia Barriere, explained the potential impact this collaboration could have:
We are proud to be one of the first airline groups to join Winding Tree to develop blockchain technology. With a long-standing commitment to innovation with start-ups and partners, Air France-KLM is constantly creating the future of travel and devising solutions to make the travel experience easier and more personalized. With blockchain technology, we aim to revolutionize exchanges within the travel industry for our customers, companies and start-ups.
By being a part of Winding Tree’s ecosystem, the carrier will be able to provide the platform with real feedback which is crucial to the improvement and ongoing development of the platform. Winding Tree’s founder and Chief Operating Officer, Pedro Anderson, shared his excitement:
The Air France-KLM group has built a reputation when it comes to using technology to enhance the customer experience. We are excited to join them in their goal and commitment towards becoming the leading airline in customer intimacy and we are excited to bring blockchain technology as the tool needed to achieve real innovation and enhanced customer satisfaction.

Interest from the Aviation Industry

While Air France-KLM is quite clearly embracing disruptive innovation, they are by no means the first in the aviation industry to integrate blockchain technology into their processes. According to Airport World, a report by industry information technology company, SITA, shows that blockchain garnered the most research interest for this year.
The company’s director, Gustavo Pina, lamented the fact that so many processes are involved in different sections of the industry. He also touched on the difference that blockchain could make:
The biggest obstacles standing in the way of a seamless passenger journey and truly efficient air travel, are the siloed processes across the many stakeholders, including airlines, airports, ground handlers and control authorities. They act as significant speed bumps at every step of the way. By collaborating as a single industry, we can smooth that journey and blockchain is one of the technologies that has the potential to make that possible. This explains the industry’s significant interest in it.
These are some of the results from the report:

59% of airlines have blockchain-based  pilot or research programmes to be launched by 2021
34% of airports are planning R&D projects by 2021
40% of airlines and 36% of airports state that blockchain could streamline the passenger identification process
34% of airlines believe that the technology could assist with launching passenger tokens for frequent flyer programmes
31% of airlines feel that it could help with the launch of e-tickets
28% of airport ICOs said blockchain could benefit custody change tracking
24% of airport ICOs stated that the technology could assist with operational efficiency

SITA will lead and manage the Aviation Blockchain Sandbox, which will explore just how blockchain can be best used in the industry. Pina added:
Through this collaborative innovation we will accelerate the learning for all and have already significant interest in pursuing cross-industry initiatives through the Aviation Blockchain Sandbox initiative.
This platform will make use of smart contracts known as FlightChain, which has already been used by British Airways, Heathrow, Geneva Airport and Miami International Airport.
It definitely seems as if the aviation sector is giving the healthcare industry a run for its money when it comes to blockchain interest and adoption.
How would you like to see blockchain technology improve your flying experience? Let us know in the comments below!

Images courtesy of Pixabay.
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Tron (TRX) Price Analysis: Trends of October 9–15, 2018

Key Highlights:

There is a tendency for the price retracement;
in case bulls increase their pressure price will break out to the north;
traders should trade patiently with discipline.

TRX/USD Long-term Trend: Bullish
Resistance levels: $0.028, $0.031, $0.041
Support levels: $0.026, $0.024, $0.023The coin was bullish in its daily chart last week. The strong bearish pressure was lost after a drop in the price of the cryptocurrency to the lower support level of $0.024. The bulls took over the market from the bears, confirmed by the formation bullish engulfing candle. The price was pushed up to the supply level of $0.26 and broke out rallied to the resistance level of 0.028. It made an attempt to break this barrier at $0.028 but the Bears prevailed over the market pushed it back gradually; this could be a kind of retracement.
Currently, the price is retesting the resistance level of $0.26. The 10-day EMA is below the price while 50-day EMA is below the 10-day EMA; which means there is a probability for a breakout of the price from the resistance level of $0.028. Should bears increase their momentum, the break out may occur at the lower support level of $0.024.
The Stochastic Oscillator Period 14 on the daily chart is above the 80 level with the signal lines pointing to the south, indicating that price may decrease.
TRX/USD Price Medium-term Trend: Bullish
On the 4-Hour chart, the price was bullish last week. Bulls came in after the consolidation at the demand level of $0.021.There was enough momentum for the buyers to break the resistance levels of $0.24 and $0.26. The price headed towards the upper resistance level of $0.028 yesterday. The bears came in and gradually pushing the price downward.
As at present the bears are in control of the market as the price is below 10-day EMA and the 50-day EMA below the price; it indicates that there could be a pullback movement before the continuation of an uptrend.
Should bears increase their momentum there is a probability that the price will experience downtrend movement towards the support level of $0.024. Nevertheless, the Stochastic Oscillator Period 14 is above 50 levels with the signal lines directed towards the south indicates a sell signal. Traders should trade patiently with discipline.
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Ireland to Host ISO Conference to Discuss Standards for Blockchain

Dublin will host a conference, being organized by the International Organization for Standardization to develop a standard for the Blockchain Industry.

Ireland’s Capital Will Host This Important Blockchain Conference
Dublin, the capital city of Ireland, will be hosting a conference that is being organized by the International Organisation for Standardization (ISO) to work on the standards related to the blockchain industry.
The announcement was made by Michael D’Arcy,  Minister of State at the Department of Finance at the “Blockchain for Finance” event in Dublin last week. The conference will be held in May next year.
Switzerland based ISO is an independent body with representatives from 162-member countries. The organization creates and promotes standards for different industries.
Ireland’s Blockchain Eco-System
As the adoption of blockchain based decentralized systems and cryptocurrencies increases around the world, many countries have smelled the economic opportunity that it presents.
The news has come as a boost for Ireland which wants to carve out a place for itself on the global blockchain map. Terry Landers, chairman of the National Standards Authority of Ireland’s ICT consultative committee, describing the decision as a “major coup” said:
We’re expecting about 200 people to attend and are planning several outreach events to coincide with it to share expertise with policymakers, small enterprises and so on.
Landers also serves as the chief standards officer for Microsoft EMEA region (Europe Middle East and Africa).

Currently, Ireland is home to some local and multinational firms in the blockchain space including Aid:Tech, ArcNet, Circle First Data, and ConsenSys, a company started by Joe Lubin, co-founder of ethereum.
Deloitte also has its blockchain laboratory in Dublin while Mastercard has announced its intentions of setting up a facility in Leopardstown.
Blockchain technology which uses a distributed ledger to record transaction details is gaining traction not only in fintech but across multiple industries due to its ability to process instant transactions in a trust-less environment and eliminating the possibility of frauds.
Eoin Fitzgerald, a senior development adviser in fintech at Enterprise Ireland, while being upbeat about Ireland coming up as a blockchain destination is concerned about the lack of skills in the country. He said:
We’ve so many companies fighting for talent here currently and this I think is the biggest challenge we face over the next few years.
The announcement about the conference being held in Dublin will create the required momentum that the European nation desires. Though the local regulators have not yet established crypto regulations, coming up with them is essential if the country wants to attract investments from abroad.
Do you think Ireland can emerge as a blockchain and crypto friendly country? Let us know in the comments below.

 Images courtesy of The Irish Times, Shutterstock
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Oasis Labs’ New Blockchain Incubator Wins Support from a16z, Binance, Accel and Others

As it has been recently announced by Oasis Labs, the startup has entered into a partnership with a16zcrypto, Accel, Binance Labs, Pantera Capital and Polychain Capital with a view to launch a first-of-its kind program. The Oasis Startup Hub will be focused on creating privacy-first computing on blockchain. In the framework of the project, innovative developers will have a chance to get recommendations and instructions from leading investors, to receive hands-on technical support and early access to cutting-edge technology.
Thanks to these opportunities, developers will be able to create applications utilizing the security, privacy and scalability benefits of Oasis Labs’s decentralized protocol. The participants of the program will work with experienced engineers from Oasis Labs through working sessions, office hours and private events, and communicate with outstanding investors who have deep understanding of the current market conditions.
Speaлimg about their new program, Dr. Dawn Song, CEO of Oasis Labs, said:
“We’ve seen strong interest in our private testnet from companies and developers who want to build scalable applications that protect user data and put privacy first–and are constrained by existing platforms. We’re encouraged by the diversity and volume of application developers who share our values and validate our approach. We designed the Oasis Startup Hub to bring experts together for invaluable interactions around how to design, build and deliver exciting new applications.”
The main aim of the Oasis Startup Hub is to create a constantly expanding ecosystem of developers, investors, technologists and business leaders that are interested in realizing their developments on the base of Oasis’ platform. The idea of the project was supported by a number of investors.
Jake Flomenberg, partner at Accel, said:
“As high-profile privacy failures proliferate, the value of applications that put data protection at the heart of operations will only continue to soar. Oasis is taking an important step toward building a vibrant community committed to addressing serious issues in today’s computing landscape. Together, we’re helping unleash the power of data through innovative applications which responsibly protect privacy.”
Oasis Labs has already welcomed a number of clients on board. Though their names haven’t been revealed, it is already known that they work on the development of application that require an extremely high level of privacy protection.
At the current moment, the row of these applications may include such areas as decentralized credit scoring and distributed data marketplaces for artificial intelligence, nevertheless, startups working in other spheres also have an opportunity to join the platform.
As CoinSpeaker has already reported, this year Oasis Labs made headlines with its announcement of having raised $45 million from major investors, including the very same group comprised of a16zCrypto, Pantera Capital, Accel, and Binance. The company has managed to win such attention thanks to its ideas to use the potential of cloud computing to provide increased security, privacy, performance and scalability of the network.
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European Supermarket Giant Carrefour Joins IBM Food Trust Food Blockchain Project

On Monday, October 8, tech giant IBM launched its food-tracking blockchain project IBM food Trust in partnership with European supermarket giant Carrefour. The food-blockchain project spans across a large number of small and medium-sized enterprises (SMEs) in the food industry.
Carrefour’s participation has given the project a big boost which can see a huge participation from other SMEs. Carrefour has currently got more than 12,000 operational stores across 33 countries. The retailer plans to further expand its business using IBM‘s food-tracking food-tracking blockchain which will help it to track and trace its own products moving worldwide. Anyone from the food industry can be a part of IBM’s project by paying a subscription fee between $100 to $10,000 a month.
In a word with CoinDesk, Emmanuel Delerm, blockchain program director at Carrefour told:
“For us, it’s a matter of sense for the consumer. It’s really this that will push us to say to our producers or partners or suppliers, will they come on the platform? It’s really consumer-orientated; it’s really for them that we are doing this.”
Ramesh Gopinath, IBM’s vice president of blockchain solutions, told:
“IBM Food Trust is the first production blockchain at real scale and we are super-excited to finally be making the product available broadly.”
Gopinath says that the major advantage of IBM Food Trust blockchain solutions is its ability to trace items forward and backward within the supply chain. However, for this to happen successfully, “That obviously requires the growers, the suppliers, and the retailers all to be part of the solution, sending in information in a trusted and permissioned fashion and we link it all together,” said Gopinath.
In the last 18 months of testing, nearly 3 million transactions have been successfully processed. Now that the blockchain ledger is finally live, Gopinath is confident that it will be ten times faster.
Shifting to IBM Food-Tracking Blockchain
For almost a year, before moving to the IBM Food Trust platform, Carrefour’s entire supermarket chain worked on its native blockchain network used by its internal engineering team. Delerm said: “Being a retailer we knew that IBM was working with Walmart on IBM Food Trust in the U.S. primarily”.
Carrefour later wanted to expand the range of products in a way that it currently verifies the production of free-range chicken in the Auvergne region in central France. Delerm said: “As of today, we have three products in France that since the start of the year we have been delivering to consumers all the information: tomatoes, chicken and eggs, and we added recently the chicken also in Italy”.
The company’s current plan involves using the IBM Food Trust to include international plans.
IBM Food Trust Built Using the Hyperledger Fabric Blockchain Protocol
The IBM Food Trust is emerging as a leading track-and-trace food space. The entire blockchain platform is developed using the Hyperledger Fabric blockchain protocol contributed by Big Blue to the Hypeledger project. IBM’s Gopinath said that interoperability is the company’s ultimate goal.
“All of that, in my view, is good news,” he said. “It’s affirmation that path we started on three plus years ago is the right one. And back when we started out, we have always had interoperability in mind.”
Gopinath also pointed to data sharing standards like GS1 which means that all the necessary work will be done up front. He added:
“I’d love it if IBM Food Trust was the only platform out there for this, but we are not that naive. If there’s another one that is as good and as mature as Food Trust out there then absolutely we will be happy to do the interop.”
Before Carrefour, IBM has been in talks with several giants in the food and retail industry like Walmart, Nestle, Unilever and others. Just two week back, Walmart also agreed to use IBM’s food-tracking blockchain solutions to streamline its global operations.
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GMO are embracing GPU mining instead of ASIC miners

The largescale mining business is looking more attractive to companies every day. With casual mining being in a dire state at the moment, companies and governments are eyeing the business. GMO, the Japanese IT company shared news on its new mining software client last Friday.
The client is called Cryptknocker and it’s designed to allow future miners to mine Equihash algorithm-based cryptocurrencies. A prime example will be Zcash, but there’s a kicker. The mining will be done with GPUs.
GMO are embracing GPU mining
The software will be free for everyone, but it will charge a 2% of the generated profits. Such a minor fee is acceptable to cover the development costs. Additionally, the software is designed to suit specific miners. Mining Zcash with NVIDIA GPU’s will give users a 2% efficiency gain over other software. This edge would of course be invalidated by the profit tax, but for most casual miners, it probably wouldn’t make a difference.
Some experts remain puzzled by the timing of this move from GMO. The company has recently seen a decline in profits from bitcoin mining. Earlier this year, the company released information about its profits.
According to the provided financial report, GMO had a profit of 255 million yet or $2.3 million from the crypto mining business in the second quarter of 2018. In June, GMO announced they are launching a new wave of ASIC miners.
The miners featured a 7nm ASIC processor and started shipping in mid-July. The 7nm chip was a huge improvement in more than 1 category. It’s able to juice out significantly more power and drastically lower power consumption at the same time. This a dream come true for all miners seeking to score a huge return of investment.
That being said, GMO and Cryptknocker will face some heavy competition. The Zcash community has been very vocal about reforming the blockchain code to be ASIC-resistant. More and more blockchains are coming out against ASIC miners and software like Cryptknocker is breath of relief for all remaining casual miners. If you want to read why ASICs are a threat to crypto mining, you can read below.
Read more:

ASIC Miners will be banned on Ethereum
How much did ASIC realy impact crypto mining and Ethereum’s Constantinople?
Google will enforce strict rules for Chrome extensions because of mining malware

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Stox Becomes the Highest Ranked App on State of the ÐApps

They are currently listed as having 2,020 active users over the past 24 hours, as of 12.00 CEST. State of the ÐApps ranks 1,959 of the most popular decentralised apps.
Stox’s high-profile ICO in August 2017 raised $33 million (148,000 ETH) in 34 hours. It has grown by an average of 550 users per day, according to a company statement. Yossi Peretz, CEO of Stox, mentioned that he was
“delighted with this significant milestone of becoming the most popular dApp in world.”
Stox is an open source, Ethereum-based prediction markets platform, where users can place predictions on the biggest events in the world of finance, sports, politics and more.
Combining the wisdom of the crowd with their own individual skills and knowledge, users are rewarded for their insight.
There has been a significant growth in the usage of dApps, due to its benefits of connecting users and developers directly without the need for a centralised authority to host and manage the code and user data.
Mr Peretz added:
“With a community of over 200,000 users, we are proving that there is a demand for high-quality predictions globally. Since our ICO, we have delivered on our promises, and are excited about what we have upcoming in the future.”
The achievement for Stox has reflected in online engagement, on platforms such as Telegram, according to the company.
To view the full rankings, visit:
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Crypto Exchange CoinCola Announces Partnership With Dash, Launches in Venezuela

Hong Kong-based cryptocurrency exchange CoinCola has chosen Venezuela as their first new market. Best known for its peer-to-peer OTC cryptocurrency platform, CoinCola allows traders to buy and sell bitcoin using their local fiat currency. The exchange will also enter a strategic partnership with Dash in a bid to increase the flow and accessibility of digital currencies in the Latin American country. As part of the partnership, CoinCola will be adding the Dash coin to their OTC platform and offer a 0% trading fee for all dash transaction until October 31st, 2018. Venezuelan traders can also earn 50% commission for trades completed through the CoinCola Refer a Friend program.
On the partnership with Dash, CoinCola Founder and CEO Allan Zhang, said “CoinCola is averaging 100,000 transactions every month on our platform. We are the second largest public OTC platform in the world by transaction volume and at this time 95% of total transactions are from Asia. With our partnership with Dash, we will be truly global. We decided to partner with Dash because it is the most efficient digital currency for payments, offers the lowest fees, and provides ‘InstantSend’ technology. Dash represents a strong presence in Venezuela, Latin America, and the rest of the world. We are very selective in with which coins we list to our platform and we are proud to now offer Dash to Venezuelan users.”
Dash, through its instant digital cash payment mechanism, has established a growing presence in Venezuela with over 1,450 merchants including grocers, restaurants and retail outlets accepting the cryptocurrency. The organisation’s ‘Dash Treasury DAO’ – a decentralized investment fund – has granted over $33 million-worth of dash since 2015. Together with Dash, CoinCola is aiming to increase the adoption of cryptocurrencies in Venezuela by facilitating safe and secure trading at a low cost.
Venezuela’s rapid rate of inflation has rendered the national currency almost worthless, with citizens facing severe shortages of amenities such as food and medicine. Cryptocurrency adoption in Venezuela – Dash in particular – has surged as the country looks towards a more transparent and stable means of storing and exchanging capital. With both OTC and coin-to-coin pair trading, competitive fees and additional incentives for local users, CoinCola is aiming to bring much-needed accessibility and diversity to the Venezuelan cryptocurrency market.
About CoinCola
CoinCola is a Hong Kong-based cryptocurrency exchange offering both over the counter (OTC) trading and coin-to-coin pair trading in one integrated platform. They offer fast, secure and easy-to-use trading services at competitive fees. The CoinCola OTC Marketplace allows people around the world to use their local fiat currency to buy and sell bitcoin (BTC), ethereum (ETH), dash (DASH), litecoin (LTC), tether (USDT) and bitcoin cash (BCH). Trading is done on a person-to-person basis and transactions are completed via secure online escrow. The CoinCola Exchange allows users to expand their portfolio by trading one digital currency for another. CoinCola offers bitcoin (BTC) and tether (USDT) as base currencies and supports a growing list of crypto-to-crypto trading pairs. The CoinCola mobile app allows users to stay on top of the markets and securely access their account on the move.
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Virtual Monument Dedicated to Satoshi Nakamoto Erected in Kiev

A virtual monument has been just erected in Kiev, Ukraine, in recognition of Satoshi Nakamoto, the mysterious creator of Bitcoin. The monument was inaugurated on September 29 at Shevchenko Boulevard on the platform that previously served as the base for a statue of Lenin.

Honoring a Legend:
The Satoshi Nakamoto Republic project took the initiative to erect the monument which has been gathering head since it was first announced last May. The site for installation of the monument has not been randomly chosen, as it represents an area of great historical significance. The area housed a huge statue of Vladimir Lenin, which constantly reminded the Ukrainian people of the Soviet Union. As such, this spot now symbolizes two eras – the past era of communism and the modern era of decentralization.
A monument dedicated to Satoshi Nakamoto would definitely boost the public awareness of Bitcoin and modern concepts of decentralization, while also signaling to the world that Ukraine has its eyes on the future. However, this is not the first monument to be erected publicly in recognition of Bitcoin, as a Bitcoin-themed roundabout was opened last March in Kranj, Slovenia.

The Monument Can Be Seen via Mobile App and VR Glasses:
The monument now greets passersby at the intersection of Kreschatik Street and Shevchenko Boulevard. You can enjoy a 360-view of the monument and take selfies in front of it after downloading and installing the Satoshi Nakamoto Republic app, which is available for Android and iOS mobile devices. Via the app, you will see a three-headed virtual figure representing different races and genders. The figure shows a Bitcoin symbol tattooed on its bare chest and the face of Vitalik Buterin stamped on the back.
Future Plans:
The Satoshi Nakamoto Republic project will establish two more virtual statues of Satoshi Nakamoto in the US by the end of 2018. One might even be erected on the Hollywood Walk of Fame in collaboration with Younk, the blockchain music label. Miami may also be the host of the second virtual monument.
Do you think that such virtual monuments can help popularize crypto and boost mass adoption? Let us know what you think in the comments’ section below.

Images courtesy of Pixabay and ShutterStock
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Seoul Mayor Announced $100 Million Investment: Transforming Seoul into a Smart City

South Korea is planning to go all-in on blockchain technology. With the blockchain investments being predicted to double next year, apparently South Korea wants to go even further.The Seoul Mayor, Park Won-soon recently revealed a 5-year plan.
This plan will see a $108 million investment in order to start the transformation of the South Korean capital. Park Won-soon hopes to transform Seoul into a modern, smart city powered by blockchain technology.
In his visit to Zurich, the Seoul mayor disclosed details of his 5-year plan. The Blockchain Urban Plan will be implemented from 2018 to 2022. It will cover 14 public services in five areas, with a government budged totaling $108 million.
The Seoul mayor sees great potential in blockchain technology
Park was very optimistic about the potential impact of blockchain technology on public services. He noted that major public services, which will adopt blockchain include labor welfare, vehicle history management, donation management and election voting.
It’s also impossible to account for the potential innovations, which may come through during the 5-year period. Even so, if a major breakthrough is achieved, Park states that Seoul be one of the first cities to embrace it.
The Seoul Metropolitan Government will also apply blockchain technology to protect part-time workers. This will apply to workers, who do not receive any form of insurance from the employer. The workers will be able to register via a blockchain application. This application will be developed and changed as the plan develops and grows.
Additionally, labor welfare organizations and insurance companies, which are participating in the system as nodes, will be able to share worker information between the distributed network. This information will be carefully reviewed and insurance schemes can be decided upon.
Good news also came for those interested in startups. Park said that his administration will aim to spend about $53 million to build two complexes by 2021. These complexes will house up to 200 blockchain startups. This will be made possible by utilizing parts of the Gaepo Digital Innovation Park and the Mapo Seoul Startup Hub.
Park’s announcement comes a few months after he was re-elected in June.
You can also check out:

International Payments Can and Will Benefit from Blockchain Technology
ShapeShift Easily Shuts Down Accusations about Money Laundering
Brave: The Browser, Which Openly Goes Against Google on User Privacy
Silk Road: The Story of Bitcoin, Billions of Dollars and Warped Ideals

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