On Monday, blockchain startup Authenticiti announced that it’s partnering with Capgemini it’s working on a blockchain solution with the Aerospace Industries Association (AIA) to provide blockchain audit trails for government aircraft parts contractors.
The Department of Defense (DoD) has a process (Form 250) that requires contractors to provide evidence of configuration, testing and quality assurance certification for the parts they supply, whether they manufacture the part themselves or subcontract it to a supplier. By using blockchain, it provides an automated, immutable process that can be trusted.
With the current slow manual process, it creates delays, and in turn, the supplier won’t get paid by the DoD until the evidence is provided.
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