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EASA continues search for use of new blockchain technology
来源:shippingazette 编辑:编辑部 发布:2023/09/14 17:03:40
THE European Union Aviation Safety Agency (EASA) is taking the lead in a groundbreaking initiative called the VIRTUA project, which harnesses blockchain technology to monitor aircraft parts and other related components, reports Vancouver's CoinGeek.
EASA has partnered with blockchain companies SkyThread and FPT Software to provide technical expertise for this endeavor.
Additionally, the International Air Transport Association (IATA) and PwC France are joining forces to offer regulatory and compliance support for this innovative project.
EASA's primary objective is to enhance safety standards within the aviation industry.
They recognize that integrating blockchain into their systems will bring numerous advantages to the sector.
The approved aircraft parts will be documented on a distributed ledger, enabling potential buyers to verify their authenticity before finalizing any transactions.
This move by EASA is driven by a significant concern: unauthorized aviation parts have played a major role in more than 20 aircraft accidents in the United States.
EASA is determined to prevent such incidents and believes this project will offer valuable insights into how blockchain solutions can address this issue.
Beyond counterfeit aircraft parts, the aviation industry also deals with expired components.
Aircraft parts have a limited shelf life, but EASA has identified a thriving secondary market for components nearing the end of their airworthiness.
IATA senior vp Nick Careen highlighted that implementing blockchain technology for the management of approved aircraft parts and components could have a significant impact on the entire lifecycle of certificates, from their initial issuance by production organizations to the modifications introduced by design or maintenance organizations.
Some North American aircraft manufacturers like Honeywell and GE Aviation have previously utilized blockchain to track the provenance of their components, monitoring the entire process from dismantling to the final maintenance stage.
EASA has partnered with blockchain companies SkyThread and FPT Software to provide technical expertise for this endeavor.
Additionally, the International Air Transport Association (IATA) and PwC France are joining forces to offer regulatory and compliance support for this innovative project.
EASA's primary objective is to enhance safety standards within the aviation industry.
They recognize that integrating blockchain into their systems will bring numerous advantages to the sector.
The approved aircraft parts will be documented on a distributed ledger, enabling potential buyers to verify their authenticity before finalizing any transactions.
This move by EASA is driven by a significant concern: unauthorized aviation parts have played a major role in more than 20 aircraft accidents in the United States.
EASA is determined to prevent such incidents and believes this project will offer valuable insights into how blockchain solutions can address this issue.
Beyond counterfeit aircraft parts, the aviation industry also deals with expired components.
Aircraft parts have a limited shelf life, but EASA has identified a thriving secondary market for components nearing the end of their airworthiness.
IATA senior vp Nick Careen highlighted that implementing blockchain technology for the management of approved aircraft parts and components could have a significant impact on the entire lifecycle of certificates, from their initial issuance by production organizations to the modifications introduced by design or maintenance organizations.
Some North American aircraft manufacturers like Honeywell and GE Aviation have previously utilized blockchain to track the provenance of their components, monitoring the entire process from dismantling to the final maintenance stage.