Airspace Spare Parts Marketplace

There is one case from a good old business that urges for blockchain implementation both in terms of cost savings and military-grade security — it’s aviation. In the future, the growth of this sector will depend on the increasing wealth of emerging economies with new consumers representing an astounding 6 billion people.

Challenge

A client wanted to create a blockchain-based marketplace between selected manufacturers and trusted airline partners.

Solution

Ownership movement, parts condition, maintenance history are secured on a shared consortium blockchain network. Military-grade security and high-performance systems enabled much faster parts discovery and provenance tracking.

Impact

Using different technologies, our top experts created a solution with real-world assets tokenization, military-grade security, transparent parts history, maintenance tracking, and reduced waiting time on AOG (aircraft on ground) situations.

Aviation is among the most regulated sectors; simultaneously, it is the one that calls for radical optimization. We introduced one of the solutions that can save airlines millions of dollars while remaining excellent customer service. It simplifies a complex process of searching, querying, paying, and shipping MRO parts in the overly formalized market and promises to achieve a competitive edge to those companies that implement blockchain in their business verticals.

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