Blockchain is generating a buzz across all industries – what does it mean for aerospace and defence?
One key area where blockchain can add value is managing the ‘as-flown’ current configuration of an aircraft or engine. OEMs, MROs and aircraft operators often lack a common, accurate view of the current configuration.
A unique application of blockchain can be used to create a single, secure, shared, and perpetual record of the current configuration.
Upon every delivery to the operator, smart contracts are created to represent the aircraft and engines while individual serialised parts are tokenised within the blockchain.
The blockchain solution provides visibility to authorised parties to understand the current configuration. During maintenance or overhaul, blocks that represent parts and assemblies are updated to reflect repairs or replacement.
This Accenture patent-pending blockchain solution can increase the accuracy and efficiency of aircraft operations and MRO.