Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) and Parker Aerospace Group have successfully implemented an innovative blockchain platform designed to comprehensively track and trace aircraft parts from their manufacture to their installation and removal. The groundbreaking system, powered by SkyThread’s blockchain-based data sharing platform, enables AFI KLM E&M to monitor the history of new and refurbished Parker aircraft parts used in their 787 fleet.
Introduction to Blockchain Platforms
The introduction of this platform marks a major advancement for the aviation industry, providing real-time tracking and complete event history of aircraft parts. Initially, the system went live on the 787 platform, and now hundreds of thousands of parts are actively monitored through SkyThread. A partnership between AFI KLM E&M, Parker and SkyThread, announced for 2023, aims to increase visibility and ensure detailed event history throughout the entire lifecycle of aircraft parts.
Benefits for Parker Aerospace and Industry
For Parker Aerospace, the SkyThread platform makes serialized parts data accessible and traceable on and off the aircraft. This capability is expected to reduce repair turnaround times and improve supply chain performance through improved demand planning for spare parts and repair volumes. Working with SkyThread will not only increase operational efficiency, but also contribute to reliability and safety across the aviation industry.
The partners expect more organizations to join the platform and continuously add part event data to create added value for all participants in the community. By loading data on over 2 million aircraft part events, including part birth, installation and removal, component repair, and logistics, the platform aims to provide a comprehensive and transparent view of aircraft part history.
Industry impact and future expansion
The introduction of this blockchain platform marks a significant milestone for the aviation industry; it is unprecedented for operators and Tier 1 OEMs (Original Equipment Manufacturers) to collaborate and share such detailed data. Leveraging blockchain technology, the platform establishes a robust aircraft parts tracking solution, ensuring transparency and traceability. Customers will benefit from access to the complete history of parts, ensuring their authenticity.
Jeff Smith, Parker’s Digital Product Program Head, highlighted the importance of this development, emphasizing the platform’s role in providing transparency and traceability. The system will not only improve operational efficiency but also assure customers of the authenticity and authenticity of aircraft parts. Benoit Laurier, Vice President of Engineering at KLM Engineering & Maintenance, expressed his pride in being at the forefront of innovation in the aviation industry. The partnership with Parker Aerospace and the implementation of this blockchain-enabled tracking solution is expected to revolutionize the way parts authenticity and authenticity are ensured.
Future Plans and Growth
AFI KLM E&M, Parker and SkyThreads plan to further expand the reach and usage of the platform. With more organizations on board, the data pool will be enriched, bringing even greater value to the entire aviation industry. The integration of blockchain technology into the aviation supply chain marks an important step towards improving transparency, efficiency and trust in the industry.
In the coming months, the focus will be on expanding the platform’s user base and enhancing its capabilities. By continually adding part event data and improving the system’s capabilities, the partners aim to establish a new industry standard for tracking and tracing aircraft parts. This effort will transform the aviation supply chain and set a precedent for other industries to follow.
Conclusion
The collaboration between AFI KLM E&M and Parker Aerospace, facilitated by SkyThread’s blockchain platform, marks a pivotal development for the aviation industry. By ensuring full transparency and traceability of aircraft parts, the platform not only improves operational efficiency but also builds trust among customers. As the platform expands and more companies join, the benefits of this innovative solution will continue to grow, establishing new benchmarks for the aviation industry and beyond.
