A press release posted on the Bombay Stock Exchange by Wipro Limited announced that Wipro had developed a blockchain-based payment solution for the Irish digital payments solution company Travacoin to aid airlines with the refund and compensation process in cases of events such as flight cancellation.
Cutting Cost by 40 Percent for Airlines
The India IT major Wipro was recently in the news surrounding blockchain and cryptocurrency due to its DLT solution for the financial services industry. The latest update released by Wipro entails the creation of a digital payments system to disrupt payment methods in the airline industry.
The new system will be deployed by Travacoin, a digital payment solutions company, to help airlines refund customer money in the form of digital currencies….