NIIT Technologies introduces blockchain-powered solution for airlines

IT solutions organization NIIT Technologies Ltd. has released Chain-m, its blockchain-powered solution for airlines and their partners, the company said.

Chain-m helps address the challenges faced by airlines and its partners in the backend process of settlements. The solution makes ticketing transactions transparent, thereby improving the trust between the entities involved in the operation.

Chain-m provides:

Privacy and transparency
Quick reconciliation
Reduced efforts in resolving disputes
Peer-to-peer transmission
Reduced Cost
Highly protected data

NIIT Technologies Ltd. is a leading global IT solutions organization, enabling its clients to achieve real world business impact through unparalleled domain expertise working at the intersection of emerging technologies. The Company focuses on three key verticals: Banking and financial services, Insurance, Travel and Transportation.