Blockchain to Come to Aerospace Supply Chains

The global services company Accenture, as well as Thales — the provider within the Security, Defense, Transport, and Aerospace markets — teamed up to create a blockchain-based system which would assist in securing and streamlining the complicated global supply chains that support the defense and aerospace sector.

The two companies used 2018’s Farnborough Air Show to show their Hyperledger Fabric-based option which combines internet-of-things, blockchain, and additional innovative technologies — which includes Thales’s PUF (physically unclonable function) option for silicon chips, as well as Chronicled’s tamper-proof cryptoseals — to trace, track, as well as authenticate aircraft materials and parts. In turn, the system would have the ability to eliminate and identify grey-market and counterfeit supplies.

Created as a portion of Thales’ firmwide plan for digital innovation, the option offers one, shared supply chain view — in conjunction with an immutable audit trail — for operators, manufacturers, and partnering suppliers.

The industry of aerospace and defense has one of the globe’s most complex and vast supply chains,” according to John Schmidt, managing director for Accenture’s A&D practice. He adds that blockchain technology provides an elegant, new, and secure method for the industry to trace and track a variety of components while deterring counterfeiting, as well as improving maintenance abilities. Utilized along with technologies such as digital threads and digital twins, blockchain ultimately could be a game-changing innovation for this industry.

Gareth Williams, VP for information systems and secure communications at Thales UK, also is pleased with the deal, and adds that blockchain along with additional modern technologies would help governments and companies build up a trusted history behind parts.

Eighty-six percent of aerospace and defense businesses expect to integrate blockchain technology within their corporate systems by the year 2021, according to studies from Accenture.

Accenture also wants a piece of that big pie, having been active within the (blockchain) arena for a while now. The company even filed for a patent of a blockchain system which would be modified at a later time, which — it thinks — is going to have certain use cases.

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