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Presents unprecedented opportunities to share critical data
Bolloré Logistics has joined the MRO Blockchain Alliance, the air transport’s first industry-wide investigation. This alliance aims to bring the different stakeholders together to set a global standard around the use of blockchain technology to track, trace and record aircraft parts.
This new alliance includes leading organisations from their respective fields of expertise in MRO: Cathay Pacific, FLYdocs, SITA, HAECO Group, Ramco Systems, Willis Lease and supported by Clyde & Co. SITA, as the air transport community's IT provider, will manage governance for the global alliance and ensure proper alignment and validation with regulators and international standardisation bodies.
With the MRO Blockchain Alliance, the process of tracking parts will be made simpler and faster. This also enables secure sharing of information across the different industry players and store historical data, with smart contracts specifically designed to fit the Alliance business requirements. With relevance to Bolloré Logistics, available, accurate and exhaustive information will enable the Company to optimise its resources, improve its customer satisfaction, explore new services opportunities, and to be aligned with its partners regarding the responsibilities of each actor all along the chain.
Blockchain presents unprecedented opportunities to share critical data across multiple stakeholders in a secure way. Supply chain offers many possible use cases to do that.
Corporate collaboration is the new way forward and the MRO Blockchain Alliance represents stakeholders from the whole Aerospace industry with a common goal of creating value.
In the first semester of 2020, the alliance will launch a proof of concept to demonstrate the use of blockchain technology to digitally track and record the maintenance history of aircraft parts across all players in the MRO chain. Two separate strands of information for each aircraft part recorded and tracked: a digital thread and a digital passport. The digital thread provides the real-time status, chain of custody and back-to-birth track and trace of the part over time. The digital passport, like a human passport, provides the indisputable identity of a part and contains other vital data such as certification of airworthiness to prove ownership.