Changing the Game: TrustaBit Takes Over Delayed Flight Payments Via Blockchain
By CultureBanx Team
Like many of us founder Saritta Hines knows all to well know how flight delays work and the problems associated with them, but realized blockchain hadn’t taken over the aviation sector like fintech. She knew exactly where to focus her attention and launched TrustaBit, they sell flight disruption software to notify airline passengers of flight delays and changes traditional boarding passes to digital documents with smart contracts via blockchain. Through compensation vouchers, miles or money, TrustaBit is able to turn a stressful travel event into a lucrative one in a fraction of the time it would take an airport agent. The company’s enterprise blockchain solution is focused on airline carriers in Europe. “We figure out how we can keep the European carriers compliant,” Hines said. This problem can typically be very costly for airlines. Hines noted that the flight disruption ecosystem is estimated to be worth $60 billion per year and the “sales process in this industry is 12-18 months.” TrustaBit currently has partnerships with ATPCO, which helps it get pricing data from airlines.
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