The blockchain platform is a derivative of Ethereum, built with the ambition of introducing a higher degree of transparency to the shipping process which can then be utilized in tracing standards of engine performance. The ledger system will monitor and collect data on the engine parts as a new means of averting potential failures, as in the recent case involving Boeing.
Right now, the system is internally being referred to as ”TRUEngine.”
David Havera, blockchain CTO of the GE Aviation Digital Group recently described the crucial nature of maintaining the highest possible quality standards:
”A quality event in the aircraft engine industry is catastrophic. And to research that takes months of manual time. Driving efficiencies, accountability and visibility into the process of making an engine will make us all safer.”
GE Aviation is responsible for supplying jet engines to around 60% of the global airline industry. As well as blockchain, the group has turned to other emerging technologies, including IoT and data science solutions.
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