Industry Addendum
AAR explores ways to implement blockchain
November 1st 2017
Application of the new technology blockchain is moving to the aviation MRO industry, reports North American industry media. Read More » “Currently, we are investigating ways to ensure part traceability and compliance using distributed ledger technology, which is called blockchain,“ said AAR senior vice president for intelligent solutions, Andy Schmidt.
This is a long way from the present system where everything is done manually using paper, he said, with all customers required to have paper documentation to trace a part. “In simple terms, blockchain requires consensus among trusted parties to permit transactions. It allows trusted parties to share compliancy data and improve safety, efficiency and waste in the MRO industry.”
Schmidt said AAR is looking at SafeFlights, which is developing a consortium blockchain where OEMs, MROs, suppliers, airlines and governments can participate and update blockchain as a part moves from entity to airframe.”
