Blockchain: An Overview and Its Applications in Aviation

Blockchain is a type of distributed database managed through multiple network transaction details (P2P, Peer to Peer), and transaction information is stored on multiple computers (nodes) connected to the blockchain network instead of storing it in one server. It is an algorithm that binds transaction details to form blocks, connects multiple blocks like a chain, and then copies and distributes them by a large number of people. In the case of the aviation industry, it is worth making full use of blockchain technology to revolutionize existing systems and business processes in terms of cost and transaction transparency, so blockchain can become one of the innovative technologies that will change the paradigm of the aviation industry. As the blockchain market is still in an immature stage and the development of technology is expected in the future, it is necessary to prepare support measures to lead and preempt the global blockchain market in the future through development support and cooperation that can be actively used in the field.