Boeing Uses Blockchain Platform GoDirect to Track Airplane Parts

 

Boeing cooperates with Honeywell International Inc., an American international aerospace conglomerate, to utilize its GoDirect platform in order to track and sell $1 billion worth of excess airplane parts with the usage of the blockchain technology.

The sides have revealed the cooperation at the Hyperledger Global Forum 2020 in Arizona, United States. The general manager of Honeywell Lisa Butters reported that both sides were uploaded to the GoDirect Trade marketplace previous weekend.

Traditionally, the aviation industry has relied on paper certificates that relate to every single part, their original manufacturer and present safety standards. The documents also have to be physically transferred between lots of locations, which does not allow aviation parts’ market to develop online as a result of forgery issues.

Therefore, GoDirect Trade strives to open the aviation parts industry up to digital commerce. Lisa Butters claims that in its 1st year, GoDirect Trade facilitated $7 million in sales and she believes that this number will triple by the end of the current year. There are already around 6500 registered GoDirect users from over 2400 companies.

 

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