Quick Intake
Let us see How Blockchain has been deployed by Air Asia to complement its Blockchain-based Air Frieght system.
Project name – Frieghtchain
The Current system of Air freight is more time taking, Much Paperwork and involves lot of Intermediaries.
Trueport, the logistic division of the AirAsia, launched the Freight chain on Friday. Now the Clients through the Freight chain platform can check routes, airline space availability, cost, and other information regarding the shipment without having to go through an agent as airline firms can also sell cargo space to clients directly.
The first shipment batch (pharmaceutical cargo) was made from Bangaluru to Mongolia with lesser paperwork, urgency, safety, simplicity, and, most importantly the transparency.
Earlier we have seen a use case on tracking the journey of ULD, Unit load devices by Sita, an air transport communications and information tech company, and ULD Care, a trade association
Happy Reading…
Teleport, the logistic diversion of AirAsia freightchain, launched on Friday. This makes the airline the first to embrace blockchain technology with freightchain, as it enables instant air cargo booking to shippers and freight forwarders.
Before the launch of AirAsia freightchain, Teleport said that they would scrap the traditional freight management method. This is because the conventional method is synonymous with wasting time. The firm said they would adopt a blockchain-operated system that would ensure orders are worked on in minutes faster than what airline or other cargo firms has ever used.
In a statement released by the firm, AirAsia freightchain is the world’s first digital air cargo network run on blockchain. The report reveals that the network allows shippers or freight forwarders to book and confirm any of AirAsia’s 247 aircraft to carry cargo.
However, Vishal Batra, the project’s chief technology officer, said that freightchain is basically to help businesses during the pandemic.
Batra said, Agile software platforms like Freightchain help to connect uneven supply and demand amidst a rapidly evolving environment as trust and transparency are needed now than ever.
How does AirAsia freight chain work?
Feight chain is a digital network for air cargo operated by airline firms to allow shippers and forwarders book space and manage air cargo. It is powered by blockchain technology.
The platform is designed such that its features are simple, clear, and user supportive. Navigating through the platform is also easy for users as they are required to sign up for free before proceeding with any transactions.
Clients through the platform can check routes, airline space availability, cost, and other information regarding the shipment without having to go through an agent as airline firms can also sell cargo space to clients directly.
The platform has started working as its first shipment batch (pharmaceutical cargo) was made from Bangaluru to Mongolia and said to be easier, with lesser paperwork, urgency, safety, simplicity, and, most importantly, transparency.
