$ 19,174
$ 597.62
$ 88.58

AirAsia launches Thai cargo-only flights with blockchain platform

Teleport, the logistics platform of low-cost carrier AirAsia, has added eleven weekly cargo-only flights serving regional destinations in Asia from Bangkok’s Suvarnabhumi (BKK) and Don Mueang (DMK) airports.

Cargo capacity for the flights, operated by AirAsia’s Thai AirAsia and Thai AirAsia X subsidiaries, is completely visible to airlines and shippers through blockchain-based platform Freightchain, a Teleport-subsidiary.

Teleport told Air Cargo World that adopting the Freightchain platform allows it to make the capacity on the flights available to other interline carriers without having to go through the traditional interlining process, which is manual and time-consuming.

“Freightchain enables buyers to programmatically search and discover different routes and itineraries available for booking on the network, including the interline itineraries created by Freightchain on demand by combining the flights of different airlines,” said Adrian Loretz, chief operating officer of Teleport. “It also enables buyers to make bookings by submitting their bid for desired itineraries online and receiving instant confirmation from airlines once the bid is accepted.”

Destinations served by the cargo-only flights from BKK include weekly flights to Colombo (CMB) and twice-weekly flights to Chennai (MAA), Dhaka (DAC) and Singapore (SIN). From DMK, weekly flights connect New Delhi (DEL) and Male (MLE), with twice-weekly flights to Kuala Lumpur (KUL).

Additional capacities on passenger flights operated by all of AirAsia’s subsidiary airlines except AirAsia India are also bookable through Freightchain, the carrier confirmed.

Launched in April of this year, Freightchain utilizes the blockchain platform Hyperledger Sawtooth to execute bookings and interline agreements. Teleport said it represents a strategic initiative and is intended to be an independent cargo booking platform.

Related Posts

Leave a Reply


Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Spanish Crypto Investors May Soon Be Compelled to Reveal Holdings
December 2, 2020By
Spanish Tax Authority Set for Showdown Over Crypto Tax Evasion
December 1, 2020By
Russian prime minister promises to tackle digital currency scams
December 1, 2020By
China Central Bank Pushes for CBDC to Displace Dollar Dominance
December 1, 2020By
Facebook fined $6.1M in South Korea for sharing user data without consent
December 1, 2020By



Crpyto Stats

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin19,174 0.45 % 1.62 % 0.43 %
Ethereum597.62 0.06 % 2.14 % 0.84 %
XRP0.6199 1.08 % 6.38 % 10.41 %
Tether0.9983 0.30 % 0.32 % 0.02 %
Litecoin88.58 1.21 % 0.26 % 0.54 %
Bitcoin Cash294.17 0.10 % 5.86 % 15.06 %
Chainlink13.69 0.32 % 5.47 % 12.09 %
Cardano0.1578 0.50 % 7.15 % 5.37 %
Polkadot5.210 0.12 % 4.84 % 8.76 %
Binance Coin30.65 0.77 % 2.44 % 9.15 %