ARC invests in travel blockchain startup Blockskye
Airline settlement firm Airlines Reporting Corp. has made an investment in blockchain startup Blockskye.
It marks ARC’s first major venture capital investment in a startup, and has been working closely with rBlockskye ecently.
It follows the successful completion of a joint proof-of-concept project earlier this year to ascertain the feasibility of reporting and settlement of air ticket transactions using blockchain tech.
The two companies collaborated on the project with United Airlines and one of its major corporate clients.
"Our recent collaboration makes us optimistic that there are near-term use cases for blockchain that drive strategic benefits and pull these already close relationships even closer," ARC president and CEO Mike Premo said.
"We’re delighted to make ARC’s first ever outside investment in Blockskye to support the development of this forward-thinking company."
Blockskye is a blockchain solutions developer specializing in the travel industry.
Last year ARC settled $94.8 billion in ticket transactions between airlines and travel agencies, which accounts for more than 295 million passenger trips.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt