Boeing to reshape travel through blockchain

July 17, 2018
Chris Wheal

Boeing announced on Tuesday it will use blockchain technology to track drones and other unmanned air vehicles in flight allocating traffic corridors and increasing safety and security.

The aerospace company said it was also collaborating with AI technology company, SparkCognition, to deliver traffic management (UTM) solutions for drones and other unmanned aircraft.

Boeing headquarters Source: Boeing

The world’s largest aerospace company announced it will also set up a new organisation Boeing NeXT to help advance UTM and next-generation travel as well as advancing the transportation ecosystem using its research and development capacity.

The company is using emerging technologies to re-imagine both travel and transport in the future including autonomous on-demand mobility.

Amir Husain founder and CEO of SparkCognition said the ‘urban aerial mobility’ opportunity will lead to the creation of the largest new market in our lifetimes.” Austin-based AI company received $32m in funding from Boeing and other strategic investors speaking to the increased demand and promise for AI solutions.

“We’re at a point in history where technological advances and societal trends are converging to demand bold solutions and a different way to travel,” said Greg Hyslop, Boeing chief technology officer.

“Boeing has the experience and expertise to safely and efficiently shape this emerging world of travel and transport. Through Boeing NeXt, we intend to build on our legacy of opening up new frontiers to move people and goods with proven technologies.”

 

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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