Search Results

The aircraft asset life cycle processes are rapidly being digitalized. Many novel technologies enabled processes of recording these electronic transactions are being emerged. One such technology for recording electronic transactions securely is Blockchain, defined as distributed ledger technologies which includes enterprise blockchain. Blockchain is not widely used in the aerospace industry due to lack of technical understanding and questions about its benefits. Assessment and establishment of business case for implementing blockchain based solution is needed. The aerospace industry is very conservative when it comes to technology adoption and hence it is difficult to change legacy processes. Additionally, the industry is very fragmented. The technology is advancing at a faster rate and applies across geographies under various regulatory oversight which makes blockchain based solution implementation challenging.