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What is Silicon Republic about?

In-flight fraud costs airlines $1 billion annually, primarily due to the inability to authenticate electronic payments at 35,000 feet. Dr. Hitesh Tewari proposes using cryptocurrency tokens, issued by airline alliances, to facilitate secure transactions and reduce fraud risk. This system would allow passengers to purchase tokens before flights, ensuring immediate verification of transactions and potentially lowering costs for airlines and customers alike.

Author

cocco

Language

EN