{"id":252899,"date":"2020-03-02T05:21:36","date_gmt":"2020-03-02T10:21:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=252899"},"modified":"2020-04-05T08:59:59","modified_gmt":"2020-04-05T12:59:59","slug":"klm-to-employ-blockchain-platform-for-inter-company-payment-solutions","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/klm-to-employ-blockchain-platform-for-inter-company-payment-solutions","title":{"rendered":"KLM To Employ Blockchain Platform for Inter-Company Payment Solutions"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Blockchain technology has continued to grow in influence across several industries and countries. First, it changed the face of investing forever with platforms such as <a href=\"https:\/\/kryptoszene.de\/bitcoin-robot\/bitcoin-era\/\">Bitcoin era<\/a>, then impacting the retail and healthcare sectors. <\/span><span data-preserver-spaces=\"true\">The latest frontier for it to conquer, however, seems to be aviation.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">KLM Royal Dutch Airlines, a flagship airline firm based out of the Netherlands, is the latest aviation firm to integrate innovative technology into its platform, as the firm seeks to enhance settlements across several of its subsidiaries.\u00a0<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Time to Embrace Emerging Technologies\u00a0<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Earlier this week, Dutch blockchain startup Unchain.io announced that it had partnered with KLM to explore the benefits of using blockchain to help enhance an integral part of its internal business processes. As the official\u00a0<\/span><a class=\"_e75a791d-denali-editor-page-rtfLink\" href=\"http:\/\/unchain.io\/2020\/02\/26\/unchain-and-r3-deliver-blockchain-application-enabling-klm-to-simplify-financial-processes\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">press release<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0reads, Unchain developed a strategic finance application for the Dutch aviation giant, which will help to improve financial data handling.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As the press release explained, the platform runs on Corda, a blockchain developed by global enterprise solutions provider R3. The solution will help to simplify KLM\u2019s accounting process and enhance settlements by implementing Corda and using it to manage, record, and synchronize data.\u00a0<\/span><\/p>\n<p><iframe title=\"Why does the aviation industry need blockchain technology?\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/ToMhSKpM_7A?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">Dominique Vijverberg, an innovation specialist at KLM Finance (the FinTech division of KLM Royal Dutch), explained that the project had gone through several rounds of research and had been vetted by the KLM Digital Studio \u2013 the innovation arm of KLM.\u00a0<\/span><\/p>\n<p><iframe title=\"&quot;Blockchain at KLM Dutch Royal Airlines&quot; - Kester Meijer &amp; Linda Bos (KLM)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/4pvcMdC3coc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">The studio itself has also been actively exploring the use of emerging technologies (including augmented reality and artificial intelligence) to help drive KLM\u2019s global digital transformation initiative. Vijverberg also added that the strategic solution would help to shift the firm\u2019s blockchain focus from theory to practice.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Although the exact details of the subsidiaries that will now be involved in this program weren\u2019t revealed in the press release, Unchain did confirm that KLM will still be working on the addition of other units to its entire blockchain ecosystem.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cAfter initial learnings in smaller projects with the Digital Studio, KLM Finance is happy to announce this project, which we see as strategic to simplify our financial processes and to set an example for future blockchain projects that are no longer \u2018test,\u2019 but have a real business impact,\u201d Vijverberg added.\u00a0<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Blockchain Solidifies Its Aviation Presence<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">The integration of blockchain into KLM\u2019s infrastructure is yet another significant milestone for the symbiosis between both the technology and the industry. While the technology has been able to help several aviation firms to enhance their operations, KLM is slightly more impressive. A member of the Air France-KLM conglomerate, the firm is one of the largest players in the global aviation space, with annual revenues estimated at \u20ac10.34 billion ($11.37 billion) as far back as 2017.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, KLM isn\u2019t the only major player turning to blockchain. Last August, Etihad Airways (the official carrier of the United Arab Emirates) announced a partnership with blockchain travel firm Winding Tree to help aid distribution.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As a Reuters report confirmed at the time, the use of Winding Tree\u2019s platform will help to reduce transaction costs for its customers, while also helping it to send inventory reports directly to its customers as well. The report added that Etihad was joining a host of other leading airlines to employ the platform, including Air Canada, Lufthansa, and Air France-KLM.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Blockchain technology has continued to grow in influence across several industries and countries. First, it changed the face of investing forever with platforms such as <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/klm-to-employ-blockchain-platform-for-inter-company-payment-solutions\" title=\"KLM To Employ Blockchain Platform for Inter-Company Payment Solutions\">[&#8230;]<\/a><\/div>","protected":false},"author":1770,"featured_media":252911,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[5357,10434],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>KLM To Employ Blockchain Platform for Inter-Company Payment Solutions - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"KLM Royal Dutch Airlines is the latest aviation firm to integrate blockcahin technology to enhance settlements\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KLM To Employ Blockchain Platform for Inter-Company Payment Solutions\" \/>\n<meta property=\"og:description\" content=\"KLM Royal Dutch Airlines is the latest aviation firm to integrate blockcahin technology to enhance settlements\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-02T10:21:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-05T12:59:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/03\/klm-1-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1550\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jimmy Aki\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@adejimi\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jimmy Aki\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899\"},\"author\":{\"name\":\"Jimmy Aki\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad\"},\"headline\":\"KLM To Employ Blockchain Platform for Inter-Company Payment Solutions\",\"datePublished\":\"2020-03-02T10:21:36+00:00\",\"dateModified\":\"2020-04-05T12:59:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899\"},\"wordCount\":572,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"keywords\":[\"blockchain\",\"kLM\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899\",\"name\":\"KLM To Employ Blockchain Platform for Inter-Company Payment Solutions - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"datePublished\":\"2020-03-02T10:21:36+00:00\",\"dateModified\":\"2020-04-05T12:59:59+00:00\",\"description\":\"KLM Royal Dutch Airlines is the latest aviation firm to integrate blockcahin technology to enhance settlements\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899\"]}],\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899#primaryimage\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad\",\"name\":\"Jimmy Aki\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png\",\"caption\":\"Jimmy Aki\"},\"description\":\"Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. Jimmy's previously published work can be found on Business2Community, EconomyWatch, Learnbonds.com, Basketball Insiders, Buyshares.co.uk and a range of other leading media publications. Jimmy has also been investing in Bitcoin since 2018 and more recently in non-fungible tokens (NFTs) since their boom in 2021.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/jimiakinleye\/\",\"https:\/\/twitter.com\/adejimi\"],\"knowsAbout\":[\"Cryptocurrency\",\"Investment and Blockchain Development\"],\"jobTitle\":\"Editor\",\"url\":\"https:\/\/insidebitcoins.com\/author\/jimmyaki\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"KLM To Employ Blockchain Platform for Inter-Company Payment Solutions - InsideBitcoins.com","description":"KLM Royal Dutch Airlines is the latest aviation firm to integrate blockcahin technology to enhance settlements","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899","og_locale":"en_US","og_type":"article","og_title":"KLM To Employ Blockchain Platform for Inter-Company Payment Solutions","og_description":"KLM Royal Dutch Airlines is the latest aviation firm to integrate blockcahin technology to enhance settlements","og_site_name":"InsideBitcoins.com","article_published_time":"2020-03-02T10:21:36+00:00","article_modified_time":"2020-04-05T12:59:59+00:00","og_image":[{"width":2560,"height":1550,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/03\/klm-1-scaled.jpg","type":"image\/jpeg"}],"author":"Jimmy Aki","twitter_card":"summary_large_image","twitter_creator":"@adejimi","twitter_misc":{"Written by":"Jimmy Aki","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899"},"author":{"name":"Jimmy Aki","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad"},"headline":"KLM To Employ Blockchain Platform for Inter-Company Payment Solutions","datePublished":"2020-03-02T10:21:36+00:00","dateModified":"2020-04-05T12:59:59+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899"},"wordCount":572,"commentCount":0,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"keywords":["blockchain","kLM"],"articleSection":["More Crypto News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899#primaryimage"}},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899","name":"KLM To Employ Blockchain Platform for Inter-Company Payment Solutions - InsideBitcoins.com","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"datePublished":"2020-03-02T10:21:36+00:00","dateModified":"2020-04-05T12:59:59+00:00","description":"KLM Royal Dutch Airlines is the latest aviation firm to integrate blockcahin technology to enhance settlements","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899"]}],"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899#primaryimage"}},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search &amp; Compare Brokers within Crypto, Forex &amp; Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad","name":"Jimmy Aki","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png","caption":"Jimmy Aki"},"description":"Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. Jimmy's previously published work can be found on Business2Community, EconomyWatch, Learnbonds.com, Basketball Insiders, Buyshares.co.uk and a range of other leading media publications. Jimmy has also been investing in Bitcoin since 2018 and more recently in non-fungible tokens (NFTs) since their boom in 2021.","sameAs":["https:\/\/www.linkedin.com\/in\/jimiakinleye\/","https:\/\/twitter.com\/adejimi"],"knowsAbout":["Cryptocurrency","Investment and Blockchain Development"],"jobTitle":"Editor","url":"https:\/\/insidebitcoins.com\/author\/jimmyaki"}]}},"_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1770"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=252899"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/252899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/252911"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=252899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=252899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=252899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}