Covid-19 outbreak wreaks airlines

The Covid-19 outbreak wreaked havoc on airlines as governments clamped down on their economies and prohibited both internal and international travel. According to the Airports Council International, the epidemic would have displaced over 1 billion travelers by 2020. According to Pedro Anderson, co-founder of Winding Tree, the pandemic ushered in a total paradigm change in travel, emphasizing the need for innovation.

According to Sita, an air transportation technology vendor, 59 percent of airlines were already testing or studying blockchain technology solutions for internal procedures in 2020. According to Accenture, 86 percent of aerospace and military businesses planned to deploy blockchain in the near future as early as 2018.

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