A few months ago the Linux Foundation announced that Honeywell was one of
Hyperledger’s latest new members. Last month
Honeywell unveiled one of its first blockchain initiatives for aircraft parts. The company launched a new e-commerce initiative GoDirect Trade for the aviation parts industry. For the new platform, Honeywell is leveraging blockchain to verify that the quality documents and images match the specific part offered for sale.
Blockchain’s ability to store the history of a part and its certification is the appeal for the aerospace sector.
While e-commerce might seem like old hat, it’s not widespread in aerospace. “Currently, less than 2.5 percent of all transactions in this space are done online,” said Lisa Butters, who heads up the new Honeywell Aerospace venture. “Up until now, the ability to shop for spare parts online with prices, product images and quality documentation all in one place was unheard of for the aviation industry.”
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