Introduction of Blockchain Technology in the Lufthansa Airlines | Report

Running head: BLOCKCHAIN IMPLEMENTATION IN LUFTHANSA AIRLINE
BLOCKCHAIN IMPLEMENTATION IN LUFTHANSA AIRLINE
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BLOCKCHAIN IMPLEMENTATION IN LUFTHANSA AIRLINE
Introduction
The introduction of various kinds of disruptive technologies has led to the
development of various businesses and companies. The disruptive technologies could be
described as the innovation that substantially alters the manner by which the industries, the
consumers of the business operates efficiently. This essay intends to analyse the introduction
of blockchain technology in the Lufthansa airline and how this technology would benefit the
company to improve their services. A brief discussion of the blockchain technology has been
provided in this essay. The airline company has been clearly described in this essay. Lastly,
an appropriate conclusion has been provided for this essay.
Discussion
Case organisation
The Lufthansa airline is the aviation group who operations runs worldwide. With over
135,534 employees, Lufthansa group airline has been able to generate revenue over EUR
35,844m in the financial year 2018. This airline include various sections namely the Aviation
Services, Eurowings, and Network Airlines. The aviation services of the company mainly
includes the main segments such as logistics, catering, and MRO (Chen et al. 2017). As the
leading airline group working through Europe, the main aim of Lufthansa Group is taking on
the crucial role within the shaping the global market of aviation and remaining the primary
choice of the shareholders, the employees and the customers in future. The company strategy
mainly aims in systematically developing this airline group (Chen et al. 2016). Extensive
differentiated portfolio of the network airlines as well as the Eurowings that provides the
direct connections, allows in making it possible for serving all the associated markets
segments, representing the attractive services on the associated geographic markets for both
the premium customers as wels as for the increasing price sensitive travellers.

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BLOCKCHAIN IMPLEMENTATION IN LUFTHANSA AIRLINE
Presently the company is facing the major issues of various disruptions in services
such as the delays in flight along with cancellations, the lack of crew and the industrial
actions, impact of weather as well as the climate, the unscheduled grounding of aircraft and
various other technical concerns (Redpath, O'Connell and Warnock-Smith 2017). The
company is aiming to implement the various disruptive technologies in the business for
minimising the impact of the disruptions and also predict any kind of mishaps that could
happen in the airline and prevent it from happening. The main issue residing in the Lufthansa
company is the climate and weather impact. The company does not possess the required
technologies for analysing the weather conditions on any particular day and there have been
significant loss of revenue of the company due to the bad climate and weather conditions.
Various disruptive technologies
Automation: The automation technology could be described as the procedure or the
process that could be performed with minimal assistance from the humans (Lawson et al.
2016). The automation or automatic control could be described as the utilisation of the
numerous control systems to operate the equipment like processes, boilers, machinery, heat
treating ovens, steering as well as the stabilisation of aircraft along with various other
applications in vehicles with the minimal or even decreased interference from humans.
Artificial intelligence: Artificial intelligence can be referred as the area of the
computer science that emphasises on development of significantly smart machines that could
efficiently work and react like the humans (Li and Du 2017). This field of computer science
mainly aims in creating the intelligent machines. It has grown to become the essential section
of the technology industry. The aspect of knowledge engineering has been considered to be
the core of the AI research. The machines could frequently act as well as react like the
humans solely if excessive information associated with the world has been provided to the
machines. Machine learning has also been considered as the crucial sector of the AI. Learning