<figure class="wp-block-image size-large"><img src="https://openlife.ng/wp-content/uploads/2020/02/Plane.jpg" alt="" class="wp-image-2380"/></figure>



<p class="wp-block-paragraph">Key industry players recently announced the launch of the MRO Blockchain Alliance, the first industry-wide investigation into the use of blockchain to track, trace and record aircraft parts. The new alliance comprises leading organizations covering every aspect of the Maintenance, Repair and Overhaul (MRO) chain, from part manufacture and repairs to logistics and smart contracts. </p>



<p class="wp-block-paragraph">Members currently include Bolloré Logistics, Cathay
Pacific, FLYdocs, HAECO Group, Ramco Systems, SITA, and Willis Lease Finance
Corporation, supported by Clyde &; Co. The alliance was first mooted in 2019
at a HAECO Group event with the aim of bringing the various stakeholders
together to set a global standard around the use of blockchain to trace parts.</p>



<p class="wp-block-paragraph">A statement signed by Matthys Serfontein, President of Air Travel Solutions for SITA and made available to OpenLife stated that in the coming months, the alliance will launch a proof of concept to demonstrate the use of blockchain to digitally track and record the movements and maintenance history of parts across a wide number of players. These include airlines, lessors, original equipment manufacturers (OEMs) such as engine producers, logistics suppliers, and maintenance providers. This tracking information will be vital to managing a complex logistics value chain that can span several stakeholders over the lifetime of each individual part. </p>



<p class="wp-block-paragraph">Currently, ;there is no global database, incomplete
data sharing, and only partial digitalization. ;The alliance believes that
the use of blockchain will simplify and speed up parts tracking while enabling
the secure sharing of information between industry stakeholders. ;</p>



<p class="wp-block-paragraph">For the African market, making technologies such as
blockchain available on a wide scale will be vital to support the growth and
development of the aviation industry.</p>



<p class="wp-block-paragraph">Africa is predicted by the International Air Transport
Association (IATA) to become one of the fastest growing aviation regions in the
next 20 years with an annual expansion rate of nearly 5%, yet there are
numerous challenges standing in the way of this growth, including inefficient
infrastructure and systems. Technology could enable governments and aviation
industry stakeholders in Africa to address many of the existing infrastructure
challenges. Most notably, blockchain’s ability to securely store and share
information on a digital ledger offers the opportunity for greater industry
collaboration throughout the continent and facilitate more efficient decision
making.</p>



<p class="wp-block-paragraph">According to PricewaterhouseCoopers, PwC, the use of blockchain could
increase aerospace industry revenue by as much as 4%, or US$40 billion, while
cutting MRO costs globally by around 5% or US$3.5 billion. Savings will be derived from secure document storage,
ensuring confidentiality and data privacy, improved insights on repair time and
inventory, automated workflows and more efficient record reconciliation.</p>



<p class="wp-block-paragraph">The alliance will use blockchain to record and track two
separate strands of information for each aircraft part: 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.</p>



<p class="wp-block-paragraph">SITA’s role, as the air transport community’s IT
provider, is to manage governance for the global alliance, support the working
groups, deliver all required blockchain technology components compliant with
SPEC2000 and SPEC42 standards and ensure proper alignment and validation with
regulators and international standardization bodies.</p>



<p class="wp-block-paragraph">Matthys Serfontein, President of Air Travel Solutions for
SITA said: “This initiative is part of SITA’s ongoing exploration of
blockchain, a technology that we believe promises tremendous opportunity for
streamlining the sharing and recording of information across the air transport
industry. In an industry as interconnected as ours, the ability to share and
record common data in a secure way without giving up control of that data is
fundamental to driving new efficiencies in air travel. This is particularly
true for the MRO sector.”</p>



<p class="wp-block-paragraph">Each year, the MRO industry processes 25 billion parts,
while adding three billion new parts. There are 20,000 suppliers, covering
144,000 flights every day for an overall industry market representing around
$100 billion every year.</p>



<p class="wp-block-paragraph">The alliance will spend the next few months in the
planning phase, with the aim of going live with the first proof of concept in
the second quarter of 2020. The MRO Blockchain Alliance is a key element of
SITA’s Global Blockchain Alliance, a wider SITA-led forum that is focused on
the development of key blockchain-based applications for potential use in the
air transport industry, including MRO, passenger identity and flight data.</p>

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