Airlines Reporting Corp. (ARC) announced the completion of a proof of concept with Blocksky for the use of blockchain in corporate travel. The billing and settlement company also revealed the previously unnamed airline participant, United Airlines. It did not name the participating corporate account.
ARC today as the pilot for reporting and settlement of United tickets as successfully completed.
"We are actively working to explore the potential for all of ARC's product offerings, especially our world-class settlement system," according to a statement to ARC VP and CIO Dickie Oliver. "In the case of direct or indirect ticket sales, we believe that we have a potential to provide a secure, distributed and immutable transaction record."
As part of the test, "the company stated." ARC's secure system tracked ticket lifecycles from issuance through settlement and identification of transactions through smart contracts.
"This proof of concept has allowed us to demonstrate the innovative capabilities that this technology enables, but also to simplify the payment and booking process for the corporate travelers and their employers," according to Jeff Christensen, managing director of distribution and ancillary pricing. at United Airlines. "Time-consuming processes such as receipt for improved reports, which will give more time to be productive."
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