Aerospace Suppliers Looking into Blockchain for Supply Chain Tracking
Main page News, Blockchain

Leading airlines and aerospace industry giants are planning to implement blockchain technology to monitor and trace their supply chains. According to Reuters, leading manufacturers Airbus and Rolls-Royce are already working with start-ups to implement blockchain to their tracking systems.

Why it is important?

  • Blockchain technology will make parts tracking more secure and transparent, and minimize red tape
  • All parts will be monitored, including those still on theproduction line and those already installed
  • Quicker safety checks after accidents
  • No room for corruption due to the blockchain’s security encryptions and decentralized system

Airbus and Rolls-Royce’s efforts appear to be running parallel to Moog, an American flight control system manufacturer that is currently developing VeriPart - a blockchain-based solution to track 3D printed components.

Lufhansa and Air New Zealand have also previously expressed interest in experimenting with blockchain.

By Nadya Astam

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