Background Image

Blockchain Project


AVIATION MAINTENANCE

Aviation Maintenance

The global airline industry has continued to grow rapidly in sync with emerging markets. In 2017, commercial airlines will generate combined revenue of around 743 billion U.S. dollars globally.

While Airlines keep focus on revenue growth, they often fail to minimize operating costs and layover times due to the complex involvement of OEMs, MROs & National Aviation Authorities (NAA) in maintenance procedures. This results in thin profit margins of less than 4% and thereby a struggle to achieve breakeven.

Right from ticketing to aircraft maintenance, the entire industry has multiple data collection points that more often than not, leads to multiple isolated databases. The data redundancy and inefficiency aside, this also poses certain data security risks.

Blockchain Technology, by virtue of its distributed nature, enables stakeholders to come on a common platform and access or input the required data.

Our work in the space of Aviation Maintenance on Blockchain was a keynote at the 2017 Amsterdam Aviation Forum. (link to pictures)

While Aircraft Maintenance is one of the key use cases of blockchain in aviation industry, we believe that the industry as a whole would benefit if the technology is used to co-create efficient solutions that will not only have a positiveimpact on industry players but also the end consumers.

BLOCKCHAIN PROJECTS

At Somish, we established a Blockchain Centre of Excellence in 2016. Our team has continuously focused on using Blockchain to tackle key challenges of industries like BFSI, Agriculture, Aviation and Governments. Some of our other key Blockchain projects have been highlighted below.