Honeywell International Inc. has developed a blockchain-based system to solve complex data storage and documentation processes the aerospace industry.
The company announced that its blockchain subsidiary, GoDirect Trade will integrate the aircraft registration process into its blockchain system. This enables Honeywell customers to search for aerospace parts and services data through their interface.
More efficient data processing
In its current state, Data relating to aerospace parts and services is distributed in computer systems and in printed form. As a result, airlines and operators sometimes lose important documents that are critical to proving the legitimacy of parts.
Lisa Butters, CEO of GoDirect Trade, said By using blockchain, Honeywell aims to record all of the data relating to the thousands of aerospace parts that are manufactured and repaired every dayand added:
“In the aerospace industry, this is a breakthrough technology that is simplifying and transforming record keeping for aircraft owners and airlines around the world.”
By keeping all data in a single ledger Honeywell hopes to make it easier to find and access aircraft-related data and to make data processing more efficient for its customers..
Honeywell explains that in the event of missing documents Customers can now rebuild aircraft part data and documents by entering part number and serial number into their app. To that end, Butters said:
“Honeywell’s offering is like a search engine, but it works for anything to do with aircraft parts and service.”