Blockchain in air cargo: challenges of new World

Abstract

The last years’ experience of functioning during the COVID-19 pandemic has shown that digital solutions can significantly increase the efficiency of business operational processes. This study focuses on the implementation of digital technologies at the airports to optimize information and financial flows, that are required for the air cargo transportation. The study was carried out based on the analysis of technological schedules of airports and airlines for cargo handling. As a result of this study, we have identified the main problematic operations leading to an increase in the time spent by cargo at the airports. The article examines and summarizes the world practice of using blockchain technology to manage information and financial flows in air cargo. The article has developed a model for the implementation of these technologies in the air cargo industry on the basis of a single blockchain platform. This model allows making optimal use of available airport resources in order to minimize service delays. It solves the main problem of creating the transparency of the information exchange between all air cargo transportation participants.