One such company is Blockskye, which is using the technology to solve issues around distribution. Founded in 2016, Blockskye is “applying business logic to blockchain,” says the company’s CEO, Brook Armstrong.

In January of this year, Blockskye and Airlines Reporting Company (ARC, which invested in Blockskye in April) completed a successful proof of concept regarding the viability of using blockchain technology with the ARC system to facilitate the reporting and settlement of United Airlines tickets for a corporate client.

When asked if Blockskye is “the long-awaited GDS killer,” Armstrong says GDSs will “be a big part of the system for many years,” but Blockskye is built around a single-record-of-truth architecture that has GDS-like functions in the stack.