ABSTRACT
This article covers the issues involved in implementation of blockchain technologies for the clearing and settlement procedure of the IATA Clearing House. It raises the question of how the implementation of the industry cryptocurrency (namely, IATA Coin, a cryptocurrency that has been issued on the Lykke Exchange by the International Air Transport Association for making payments between its members) can improve the current clearing and settlement procedure in the IATA Clearing House. In order to estimate the potential effect of the industry cryptocurrency adoption, an optimization model is developed and implemented on Monte Carlo simulated transaction samples with different input parameters.
