Blockchain technology, which is disrupting almost all the economic sectors, is now expected to make their place in the Aerospace and Defense (A&D) industry as well.
Blockchain technology can be used primarily to improve data sharing in the A&D industry and it can further enhance product design, manufacturing, and maintenance of life-cycle in the A&D industry.
The A&D industry has one of the world’s most vast and complex supply chains. Blockchain technology offers a new, transparent and secure way for the industry to track and trace multiple components. At the same time, it deters duplication and improves maintenance capabilities of the supply chain. Blockchain, if used in combination with technologies like digital twins and digital threads, could ultimately be a game-changing innovation for this sector.
Blockchain for Aerospace & Defence
According to recent reports by Accenture, Aerospace and Defence enterprises are all set to adopt blockchain technology in th continue reading →