The latest Irish aviation industry news will bring in a milestone for the new age development. The aviation sector will be deploying blockchain based service to the customer service department for compensation or a refund. A novel start-up Travacoin has created a platform for the aviation sector which will ensure that the airline passengers are informed ahead of time about the flight delays and cancellations along with immediate compensation provisions.
The firm Travacoin is a payment company founded by Brian Whelan who is a well-known veteran of the aviation sector. Whelan has come forward to raise €1.5 million funds in order to make this product turned into a complete working model which can be implemented in the airline systems. This system will permit the airlines to redeem digital tokens to the passengers that have been affected due to delay or undue cancellations.
As per the Irish aviation industry news, this is most likely to be done in the format of a mobile-based application which will make timely contact with the passenger informing them about both the information and compensation at a time. This looks like a win-win situation for both of them as it saves the airline from bad publicity and passenger from the preventable compensation fights done in an apt way. The digital token can also be made acceptable at the airport to avail other facilities of the airport premises. (Via Live Bitcoin News)
Brian Whelan’s Innovative Ideas
Mr Whelan is an expert of the aviation domain as he has spent almost a decade working with Irish aviation regulator as a communications consultant. He had set up an online service dubbed as Airtaxback which provided services to the passengers in recovering fees, charges from the missed flights and managing unused taxes as mentioned by Irish Times.
He states that he was earlier cautious of the emerging blockchain technology but finally it turned out to be a perfect solution for this working model. The aviation industry news speculates that if Travacoin gets sufficient funding it will be running within next months with several clients onboard.
The post Ireland Aviation Industry News: Customers Service Takes A Milestone Step, What It Is? appeared first on OWLT Market.
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