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

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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Author: Jay Campbell

Jay Campbell in 2004 created travel business newsletter The Beat, in 2006 co-founded Travel Procurement magazine and in 2010 integrated them with Business Travel News. He served as editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University.