2020-10-30
Unsettled Topics Concerning Adopting Blockchain Technology in Aerospace EPR2020021
In the aerospace industry, competition is high and the need to ensure safety and
security while managing costs is paramount. Furthermore, stakeholders—who gain
the most by working together—do not necessarily trust each other. Now, mix that
with changing enterprise technologies, management of historical records, and
customized legacy systems. This issue touches all aspects of the aerospace
industry, from frequent flyer miles to aircraft maintenance and drives
tremendous inefficiency and cost.
Technology that augments, rather than replaces, is needed to transform these
complex systems into efficient, digital processes. Blockchain technology offers
collaborative opportunities for solving some of the data problems that have long
challenged the industry.
This SAE EDGE™ Research Report by Rhonda D. Walthall examines how blockchain
technology could impact the aerospace industry and addresses some of the
unsettled concerns surrounding its implementation.
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