ConsenSys Industry Report

Blockchain for Aviation Leasing: Reaching New Heights

How Blockchain Technology Can Benefit the Aviation Leasing Industry

Blockchain: A Breakthrough for Aviation Financing

The aviation industry is growing at a pace like never before, with the International Air Transport Association (IATA) expecting passenger numbers to reach 7.2 billion per year by 2035, nearly doubling the 3.8 billion air travelers in 2016. As a result, we will see the number of aircraft double, with a new, younger, more fuel-efficient and environmentally-friendly fleet coming into operation over the next two decades. With over 1,000 aircraft currently traded each year, and this number set to grow further, now is the time for innovation in the aviation leasing space. 

The report also highlights real-world case studies, from komgo’s commodity trade finance network to Treum’s supply chain management platform, to showcase these bloc

kchain solutions and products in practice. Blockchain technology will increase security and reduce operational costs in the aviation leasing industry, specifically in three key areas:

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Author

John Hallahan

Manager, Professional Services at ConsenSys
Email: john.hallahan@consensys.net

Build networks you can trust. Build on Enterprise Ethereum.

ConsenSys is a global formation of developers, entrepreneurs, enterprise leaders, security experts, lawyers, educators, creatives, and more who are working together to lay the foundations for a decentralized future. We are dedicated to transforming the world’s digital architecture into a more open, inclusive, and secure Internet of value, what many are calling Web 3.0. The first phases of the Web allowed users to digitize information and interact online. Web 3.0 is now enabling everyone from local communities to global enterprises to transact with efficiency, transparency, and most importantly, trust.

Since forming in 2014, we have built blockchain developer tools that have been adopted across the Ethereum ecosystem. We have incubated and accelerated Ethereum startups that are launching products across industries, from law to journalism to real estate. And we have deployed real-world Enterprise Ethereum solutions that are helping corporations, governments, and NGOs secure their IT infrastructure, optimize workflows, and unlock new blockchain-based business models. ConsenSys AG is headquartered in Switzerland, with offices in over 11 countries around the world.