Honeywell (NYSE: HON) has announced it is integrating aircraft record generation capabilities into its digital blockchain ledger to simplify documentation processes and storage mechanisms, the company said.
This provides Honeywell´s customers with an easy way to search and retrieve scattered data through a simple user interface, creating a level of speed and efficiency never before available in the aerospace industry.
Honeywell´s blockchain is a secure, decentralized database crowd-sourced by authorized users. Each user that Honeywell allows has a copy of the database and knows its contents in real time. Instead of storing only PDF documents or a reference to the digital aircraft record, Honeywell now stores the actual form data on chain. This data is used to re-construct aircraft records, including records that prove the US Federal Aviation Administration has certified that aircraft parts are safe to fly. These records can be accessed by customers, and in the case where paperwork is missing, customers can simply input the part number and serial number and the user interface will retrieve the data from the blockchain and rebuild the missing document.
In its purest form, blockchain technology creates trust between all parties on the chain through digital transparency. The goal of the company is to collaborate and be an implementation partner so others can leverage the same technology.
Honeywell delivers industry specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally.