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Unsettled Topics Concerning Adopting Blockchain Technology in Aerospace
- Research Report
Published October 30, 2020 by SAE International in United States
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.