{"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":"
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 Bitcoin era<\/a>, then impacting the retail and healthcare sectors. <\/span>The latest frontier for it to conquer, however, seems to be aviation.\u00a0<\/span><\/p>\n 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 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>press release<\/span><\/a>\u00a0reads, Unchain developed a strategic finance application for the Dutch aviation giant, which will help to improve financial data handling.\u00a0<\/span><\/p>\n 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>\nTime to Embrace Emerging Technologies\u00a0<\/span><\/strong><\/h2>\n