AS PART OF A MOVE TO INTENSIFY DIGITAL ID FOR TRAVELERS, SITA INVESTS IN INDICIO SERIES A FUNDING ROUND.
Sita confirms strategic investment in Indicio, taking the lead in the company’s Series A funding round.
The investment in Indicio, a global leader in decentralized identity technology, further strengthens their long-standing partnership, aimed at expediting the development and deployment of trusted digital identities for travel.
This investment demonstrates Sita’s strategic commitment to invest in companies that accelerate the digitalization of the air transport industry.
Jeremy Springall, senior vice president of Borders at Sita, emphasized the significance of digital identity in revolutionizing air transport, citing it as the most significant change in more than a decade. He underscored the potential for digital identities to simplify and connect passenger journeys, enabling seamless travel experiences and embracing the digital economy. The investment in Indicio reinforces Sita’s commitment to lead the market in this technological advancement.
The development of digital identities allows passengers to create secure digital versions of their passports, known as Digital Travel Credentials (DTC), in line with International Civil Aviation Organization (ICAO) standards. These DTCs are stored as verifiable credentials in passengers’ mobile wallets, alongside their airline digital IDs.
Sita and Indicio have enabled the inclusion of travel documents such as visas, boarding passes, and frequent flyer accounts into passengers’ digital identities, utilizing Sita’s trust network.
This innovation empowers travelers to maintain control over their personal data, with only necessary information shared before travel, facilitating border crossings and seamless travel experiences across different modes of transportation.
Heather Dahl, co-founder and CEO of Indicio, stressed the significance of trust in verified data in facilitating digital transformation and improving the functioning of the digital economy. She highlighted Sita’s role as a partner in enabling such digital transformations.
About Sita:
Sita is the leading IT provider for the air transport industry, offering solutions for airlines, airports, aircraft, and governments. Their technology drives seamless, safe, and sustainable air travel.
With around 2,500 customers, Sita’s solutions enhance operational efficiencies at over 1,000 airports and support connectivity for 17,700 aircraft globally.
Sita also provides technology solutions that facilitate secure border control and seamless travel experiences, connecting the air transport community globally.
From the News Source: Techeconomy
