15-Mar-2019 11:00 AM

Microsoft and Cargo Community Network launch blockchain air cargo billing system

Microsoft and the Cargo Community Network introduced (13-Mar-2019) the "world's first" blockchain based air cargo billing, costing and reconciliation system using Microsoft's Azure blockchain technology. The system is expected to improve air cargo billing processes for airlines, agents and forwarders by minimising discrepancies, accelerating billing reconciliation and providing near real time revenue recognition. The launch of the system follows a two month proof of concept period which involved Singapore Airlines, SATS, Alliance21 and Bolloré Logistics. [more - original PR]

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