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.

The aircraft lifecycle involves thousands of transactions and an enormous amount of data being exchanged across the stakeholders in the aircraft ecosystem. This data pertains to various aircraft life cycle stages such as design, manufacturing, certification, operations, maintenance, and disposal of the aircraft. All participants in the aerospace ecosystem want to leverage the data to deliver insight and add value to their customers through existing and new services while protecting their own intellectual property. The exchange of data between stakeholders in the ecosystem is involved and growing exponentially. This necessitates the need for standards on data interoperability to support efficient maintenance, logistics, operations, and design improvements for both commercial and military aircraft ecosystems. A digital thread defines an approach and a system which connects the data flows and represents a holistic view of an asset data across its lifecycle.