Quick and easy access to this data is critical for airlines because most use dozens of repair facilities, and the paperwork from each is not integrated. Additionally, airlines and operators commonly deal with lost, printed paperwork associated with a part. This paperwork, or 'trace documents,' are critical to maintaining the value of a part's worth.
Honeywell's blockchain is a secure, decentralized database crowd-sourced by all its authorized users. Each user that Honeywell allows has a copy of the database and knows its contents in real time. Instead of storing only PDF documents or a reference to the digital aircraft record, Honeywell now stores the actual form data 'on chain.' This data is used to re-construct aircraft records, including records that prove the
'Honeywell's offering is like a search engine, but it works for anything and everything related to aircraft parts and service,' said
In its purest form, blockchain technology creates trust between all parties on the chain through digital transparency. The goal of the company is not to be the only aerospace company creating unified aircraft records on chain, but rather to collaborate and be an implementation partner so others can leverage the same technology.
'Blockchain is unique because it's a team sport,' said Butters. 'This isn't just about Honeywell data. In fact, this is not just about aerospace data. Whether you are in aerospace, automotive, electronics or consumer products, I envision all manufacturing OEMs and repair shops pushing quality documentation and part provenance data to the blockchain, so customers have easy access.'
Adding data to the blockchain ledger does not replace regulatory authorities' current document requirements, but rather supplements them more efficiently. Honeywell now unpacks all that parts and repair data and makes it immutable, searchable and accessible to everyone in its permissions-based ecosystem.
Honeywell first implemented blockchain technology with the launch of GoDirect Trade in late 2018. This online marketplace for buying and selling new and used aircraft parts leverages blockchain to include images and quality documents for the exact part being offered for sale, giving the buyer more confidence about purchasing the part. More than 2,700 companies and 7,000 users are active on GoDirect Trade today, and more than 80 storefronts have combined to process more than
About Honeywell
Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
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