Blockchain-Based Cryptocurrency Travacoin Used as Compensation for Flight Delays


Jan 11, 2017
The International Air Transport Association (IATA) plans to test a new Blockchain-based cryptocurrency to pay compensation for flight delays.

A new cryptocurrency, Travacoin, was represented at the SITA IT Summit in Brussels this week. This coin was developed by the Travacoin startup specially for airline companies and tourist agencies as a payment system of compensation for denied boarding, long delays and cancellations.

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