Client News

13th November 2018

VChain Tech wins inaugural Innovation Award at Global Airport and Passenger Symposium ran by IATA, the trade association of the world’s airlines

VChain Tech announces that it has been voted as the overall winner of the inaugural IATA Global Airport and Passenger Symposium (GAPS) Innovation Awards at a ceremony in Athens. Securing the final vote by a landslide, VChain Tech has been awarded a one-year membership to the IATA Strategic Partnership programme, an exclusive industry association to develop relationships and help shape global technological transformation.

VChain is a cutting-edge software platform, providing digital verification that allows airlines to confirm passenger identity prior to airport arrival. The company’s unique, multi-patented capability enables ultra-secure validations between different sets of data, which until now, have been impossible to connect – either because it’s sensitive, silo-ed or both. With an increasing number of passengers, the aviation industry is under pressure to deliver more efficient, accurate and secure processes, while not compromising on the quality of passenger experience. VChain delivers better passenger data without ever ‘seeing’ or processing the Advanced Passenger Information, needed in order to fly. VChain’s Advanced Passenger Information System (APIS) platform is designed to help improve operational efficiency: fewer and shorter queues with happier passengers, less regulatory fines for airlines and improved operational punctuality.

The final shortlist for the inaugural IATA Innovation Award was decided by a panel of influential aviation industry leaders, including:

● Stuart Birrell, CIO of London Heathrow,
● Vicky Scherber, Head of Passenger and Baggage Processes, Lufthansa Group
● Maximillian Kovtun, President of Travelmate Robotics
● Nawal Taneja, Airline Business Strategist
● Daniel Coleman, Founder of Future Travel Experience

The overall winner was decided by the GAPS delegates, including hundreds of international airline executives as well as IATA institutional partners.

Irra Ariella Khi, CEO and co-founder at VChain Tech commented:
“For VChain Tech to be recognised by the association of the world’s airlines in winning the IATA Innovation award is a powerful testament to our growing traction within the aviation industry. Our team is deeply grateful for the acknowledgement of the hard work in bringing VChain’s passenger Identity-as-a-Service to market and becoming an industry standard.

“The positive response we have had from IATA and GAPS to our product has been overwhelming. The airline industry fully recognises the importance of better passenger data, and how improving it can be the solution to so many follow on challenges, such as increasing APIS fines, tighter cross-border regulations, and at the same time the challenge of improving security while complying with GDPR.”

She continued: “VChain has been named by IBM Security, as an aviation-specific Identity-as-a-Service platform that helps companies comply with GDPR. This IATA award is the first step towards VChain helping to deliver IATA’s One Identity vision, and building an aviation industry trust framework.”

Nick Careen, IATA’s Senior Vice President of Airport, Passenger, Cargo and Security said: “The IATA GAPS Innovation Awards showcase the innovation happening across the aviation industry. Among many worthy candidates, I congratulate VChain Tech for an outstanding achievement. The only way the industry will be able to meet growing passenger demand over the next two decades will be through adopting new technologies such as Blockchain to enhance efficiency.”

VChain Tech is the first cybersecurity business of its kind to obtain this kind of recognition from the association of the world’s airlines.

We are proud to be once again supporting @TheEuropas! Voting is now open for the awards so vote vote vote! #tech #startups #scaleups #investment @mikebutcher…

About 4 hours ago from FieldHouse's Twitter via Twitter for iPhone

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