Korean low-cost airline Jeju Air and LG Corporation’s IT services subsidiary LG CNS have partnered to explore blockchain-based solutions in the aviation industry. The first project will address aircraft maintenance.
Ensuring that all parts in a commercial aircraft are working and properly installed is no minor issue. The aircraft industry heavily relies on reselling and reusing aircraft parts. Checking their maintenance history and quality is not the easiest of tasks, and the process is subject to fraud with counterfeits regularly popping up. With all the air travel industry has been through due to Covid-19, the last thing needed are accidents due to dubious parts installed on aircraft.
Blockchain-based solutions can track the history and usage of aircraft parts and provide an additional layer of trust about the reliability and safety of the installed parts. Like most blockchain solutions, the value of the initiative still relies on properly auditing the information put on the blockchain.
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