Aircraft Maintenance Operators Create MRO Blockchain Alliance

Members of the Aircraft Maintenance and Repair (MRO) industry have formed the MRO Blockchain Alliance toexploring the possibilities of the blockchain.

Verdict reported on the formation of a new blockchain alliance in the aircraft maintenance, repair and overhaul industry - MRO Blockchain Alliance.The association includes leading industry representatives, including HAECO Group, Bolloré Logistics, Cathay Pacific, FLYdocs and SITA.

The idea of ​​creating a specialized alliance forExploring the blockchain opportunities for the industry was first announced in 2019 at an event organized by the Haeco Group, a large international aircraft maintenance and design company.

Since then, international companies such as Bolloré Logistics, Cathay Pacific, FLYdocs and SITA, as well as software firm Ramco Systems, Willis Lease Finance Corporation and law firm Clyde&Co, have joined the initiative.

The publication mentions a study by PwC, according to which blockchain technology will helpenterprises in the MRO industry to reduce costs by about 5%, which is$3.5 billion a year, and increase aerospace revenues by 4% to $40 billion.

Verdict reports that the alliance will study the issueon the release of aircraft parts with digital passports: they will confirm the authenticity of the part and provide a “digital footprint” for the history of its transportation and storage. SITA's Aviation Solutions President Matthys Serfontein said:

“In an industry where companies are closely related“The ability to share and record shared data in a secure way, without giving up control of this data, is fundamental to improving air travel efficiency.”

Use of blockchain in the aviation industrybecoming more popular. Recently, the International Chamber of Commerce (ICC), in partnership with blockchain companies Perlin and AirCarbon, announced that it will work to reduce carbon emissions in commercial aviation.

</p></p>