Learn how blockchain is redefining aviation supply chain. Reducing layover times. Creating single version of truth for OEM, MRO & Aviation Authorities using Hyperledger.
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.
While Aircraft Supply Chain 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 positive impact on industry players but also the end consumers.
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.
Schedule a free 30-min call with our team of blockchain aficionados! Trust me, you won’t be disappointed :)