Blockskye Tests Blockchain Payment, Settlement And Reporting With ARC, Unnamed Airline

By | August 8, 2018

Blockchain startup Blockskye is running a proof of concept with the Airlines Reporting Corp. and also working with an unnamed airline and Fortune 100 corporate account to build a robust direct-booking and payment program.

Blockchain would not enable fare shopping or make bookings. The carrier's website would handle those computing-intensive processes. Rather, Blockskye would run some of the associated functions that make managed corporate travel different from leisure: negotiated agreements, reporting, business-to-business payment. These are some of the characteristics that have helped indirect distribution channels like travel agencies and global distribution systems keep . . .

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