Share this article

Dnata Taps IBM for Air Cargo Blockchain Pilot

Air services provider Dnata, IBM and others have completed of a proof-of-concept examining blockchain's potential in the air cargo industry.

Updated Dec 10, 2022, 9:21 p.m. Published Nov 24, 2017, 11:15 a.m.
Air cargo

Dnata, provider of air and travel services in the Middle East, has announced the completion of a proof-of-concept examining blockchain's potential in the Dubai air cargo industry.

The pilot saw participation from project partners IBM, Emirates Innovation Lab and Flydubai Cargo, and looked at blockchain's potential to address issues across various aspects of airfreight, including security and operations, as well as legal aspects, a press releasehttps://www.dnata.com/media-centre/dnata-cargo-successfully-tests-the-use-of-blockchain-technology-with-its-programme-partners indicates.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

The "successful" trial was conducted on a jointly developed logistics platform, utilizing blockchain for supply chain transactions, taking a purchase order from the origin to the final destination.

Stating that blockchain technology and its potential is neither easy to understand or appreciate, Neetan Chopra, senior vice president for IT strategic services at Emirates Group, said:

"It is imperative to carry out such business experiments and trials so that participants can experience the benefits of breakthrough technologies in a live environment."

The move follows the release of white paper by air transport IT firm SITA, detailing the use of smart contracts in the air transport industry. While, Air France is also testing blockchain technology for supply chain tracking.

Air cargo image via Shutterstock

More For You

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Title Image

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

More For You

More than half of bitcoin’s invested supply has a cost basis above $88,000

Invested Wealth (Checkonchain)

Most invested bitcoin supply sits above current prices, increasing price vulnerability if key support levels fail.

What to know:

  • Around 63% of invested bitcoin wealth has a cost basis above $88,000.
  • An onchain measure shows heavy concentration of supply between $85,000 and $90,000, combined with thin support below $80,000.