Honeywell developed a blockchain to record data about aircrafts parts. The new solution will solve the decades-long challenge of documentation and recording parts pedigree data.
Honeywell’s tool will provide searchability function on a blockchain infrastructure to help aerospace companies keep the record of their products.
Blockchain Helping Aerospace Industry Recordkeeping
Documenting the history of aircraft parts and storing mechanisms have always been the biggest challenges for companies in the aerospace industry. Blockchain offers fundamental solutions for these kinds of problems, and the distributed ledger technology will provide all the transparency and trust that companies need. Honeywell is using this technology to offer a searchable data storing platform with a user-friendly interface.
Honeywell’s blockchain-based platform will help airlines and operators reduce their paperwork. The new tracing and data recording solution will also remove the challenge of document loss.
Honeywell distributes the database of its blockchain platform to authorized uses. It will verify all of them before giving each company a full copy of the database. It offers the option of viewing the data online to authors.
The new blockchain platform will keep the actual form data about each part and is not limited to storing a PDF document or reference to another digital data. It helps users search for the part number or the serial number of each product and see the history data online. The necessary FAA certification is among the data that will be stored about each part on-chain.
Honeywell provides various services in the aerospace industry. Building and repairing aircraft parts are part of their work. The new blockchain platform will help them offer more efficient solutions to the customers. The company launched its first blockchain-based product, GoDirect in 2018 as a marketplace to buy and sell aircraft parts.
“Honeywell’s offering is like a search engine, but it works for anything and everything related to aircraft parts and service,” said Lisa Butters, general manager for Honeywell’s GoDirect Trade and applications owner for blockchain technologies.
“Honeywell manufactures and repairs thousands of aerospace parts each day, and now all of those events, including the generated air worthiness certificates, go on chain. In aerospace, this is a game-changing technology that will simplify and transform recordkeeping for aircraft owners and airlines around the world.”
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