Unsettled Topics Concerning the Adoption of Blockchain Technology in Aerospace

SAE Edge� Research Report �Unsettled Topics Concerning the Adoption of Blockchain technologies in Aerospace� will be published in late 2020. Aerospace is an industry where competition is high and the need to ensure safety and security while managing costs is foremost. Stakeholders, who gain the most by working together, do not necessarily trust each other. Changing backbone technologies that drive enterprise systems and secure historical records does not happen quickly, if it happens at all. At best, businesses adapt incrementally, building customized applications on top of legacy systems. The complexity of these legacy systems leads to duplication of efforts and data storage, making them very inefficient. Technology that augments these systems (rather than replaces them) is needed to transform these complex systems into efficient, digital processes. Blockchain technology offers collaboration opportunities for solving some of the data problems that have long challenged the aerospace industry. The industry has been slow to adopt the technology even though experts agree that it has real potential to revolutionize the global supply chain, including Maintenance, Repair, and Overhaul (MRO), driving tremendous cost, inventory, and inefficiencies out of the system. This report discusses how the adoption of blockchain technology could have a significant impact on the aerospace industry and addresses some of the unsettled concerns surrounding the implementation of the technology. This oral presentation will present the barriers to implementation and opportunities to overcome them. This presentation will be an overview of the SAE Edge� Research Report.