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showing high or un usual wear and those required by regulations to be visually
in spected might need to be examined more closely. Thus, a higher level of trans-
parency into the condition of leased aircraft could in crease re sidual values.
Workforce
Digitizing credentials. Many of the individuals who are directly involved in operat-
ing or maintaining planes must gain numerous credentials and qualifications.
Blockchain tech nology could make it practical to ensure that the identity of every
person who interacts with a plane — and the status of his or her credentials — is
recorded and becomes part of the real-
time snapshot of its condition. Using a
mobile app, workers could verify their
identity biometrically (via facial recog-
nition, for example), validate their per-
sonal details, and upload proof of
credentials. Once validated by the em-
ployer and is suing entity, a training cer-
tificate or other credential could become part of the worker’s profile on the block-
chain. Parties with the ap propriate permissions would see in an instant the verified
identity and qualifications of the person who installed a part or serviced a plane,
providing even greater con fidence in the overall snapshot of the aircraft’s health.
Getting started
Building a blockchain solution for aerospace that has the power to de liver the
solutions outlined above is no small task. Our experience work ing with aerospace
companies as well as blockchain-enabling solu tions — including Air Trace, our
proprietary solution built for the in dustry — leads us to conclude that companies
can set themselves on a path toward successful execution by focusing on four key
steps early in their blockchain efforts.
Make the business case. Ex plaining the business value isn’t the same as dem-
onstrating it. Indeed, the risk of overpromising is real. That’s why a successful
blockchain data record for the life of an aircraft will necessarily start small — not
with an entire airplane, but perhaps with a single system or process. Demon-
A successful blockchain data
record for the life of an aircraft
will necessarily start small —
not with an entire airplane, but
perhaps with a single system
or process.