A new startup called Wingbits is aiming to empower volunteers who track flights by sharing revenues through blockchain technology, fostering data reliability and coverage growth.
According to co-founder Robin Wingård, 'Based on your performance as a data provider, you get rewarded proportionally,' highlighting the importance of tracking accuracy for rewards.
The volunteer network of trip tracking is crucial; about 70% of commercial aircraft use ADS-B transponders, relying on ground volunteers for data integrity and coverage.
Wingbits aims to improve data authenticity through technologies like cryptographically signed transmissions, thereby enhancing trust in the flight tracking ecosystem.
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