Blockchain technology, also called distributed ledger technology (DLT), is best known for its use in the cryptocurrency known as Bitcoin. This revolutionary technology has garnered great interest in the financial sector, mobilising public and private sector players seeking to reduce or eliminate entire categories of transaction costs and create deeper, more liquid capital markets. Given the amount of aircraft trading and financing activity in the market, and the concomitant novation fatigue afflicting many airlines, the time is ripe for a thought experiment on the potential application of this disruptive technology to aircraft finance.
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