AirAsia Teleport uses blockchain to optimize cargo management costs

Teleport, the logistic diversion of AirAsia freightchain, launched on Friday. This makes the airline the first to embrace blockchain technology.

AirAsia Teleport, the logistics division of Asia’s largest airline, has launched the blockchain platform called Freightchain to speed up and simplify the air cargo confirmation and tracking process. With Freightchain, shippers and freight forwarders will be able to book and confirm the use of any one of AirAsia’s 247 aircraft for cargo transportation, without the need for intermediaries.

Blockchain will help track orders and sales, as well as automatically identify connected networks for cargo delivery.

Freightchain will help connect global freight forwarding firms, eliminating middlemen and agency fees. The Blockchain offers intelligent digital channels for booking cargo space in addition to increasing cargo capacity. Freightchain’s Technical Director Vishal Batra commented on the development.

“We deliberately launched Freightchain during this period of uncertainty within global supply chains, caused by the coronavirus pandemic. Agile software platforms like Freightchain help to connect uneven supply and demand amidst a rapidly evolving environment. Trust and transparency are needed now more than ever.”

According to Batra Freightchain can simplify the process of booking cargo space by providing almost 10 times faster confirmation than traditional methods thanks to “software discovery” of routes using data from the blockchain architecture.

Earn ETH with our fair crypto lotto Ethex.bet!

--

--

--

Blockchain enthusiast developer and writer. I love video games, blockchain and the hot symbiosis of these two worlds.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Myths and Truths of “Line Goes Up”

Souls of Meta is launching on TrustPad

On-Chain vs Off-Chain Work on Bitcoin Transactions

Thailand’s 2022 Legal Approach on Digital Assets

Enterprise Blockchain Newsletter #4

Encode Polkadot Club: Intro to Blockchain [Video + Slides]

How to Choose a Blockchain Platform for Your Business

SIREN: 2021 and Beyond

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Jeffrey Hancock

Jeffrey Hancock

Blockchain enthusiast developer and writer. I love video games, blockchain and the hot symbiosis of these two worlds.

More from Medium

🍰 🎙️ Have you ever wondered how to get started in crypto and what are DAOs?💡🎙️

🗞 Weekly report: week 11 of 2022

SHIBARMY PSA - Blockchain Security — How to stay safe

Hashgraph: The successor of blockchain