AFI KLM E&M and SkyThread, a provider of a neutral industry data network applied to aviation, have signed a memorandum of understanding (MoU) to perpetuate their industrial and commercial partnership around the solution for ‘SkyThread for Parts’, to be implemented on AFI KLM E&M component services pool.
The result of more than a year of collaboration based on SkyThread’s blockchain and aviation data expertise combined with AFI KLM E&M’s leading-edge component support know-how, this innovation aims to facilitate, accelerate, and secure the tracking of components from manufacturing to decommissioning.
Reliable data at all times Blockchain becomes increasingly relevant to facilitate the recording of transactions and tracking assets across an ecosystem. As it is immutable, decentralized and scalable, a private blockchain overcomes the trust barrier which is the main obstacle to a seamless and controlled exchange of data belonging to heterogeneous organisations.
SkyThread for Parts is based on a private and secure blockchain technology, where users and their stakeholders can record all events related to the life of the component: certificate of origin, shipping notes, maintenance certificates, repairs, transfer to an aircraft, ownership transfer, etc. By digitizing the tracking process and eliminating human interfaces – often a source of errors – this approach allows users to benefit from reliable data, without additional costs or validation time: they can trace the history of a part, for example, or retrieve its configuration information at any time across multiple IT silos. Developed and successfully tested in its initial version for 787 component support, for which AFI KLM E&M is one of the world’s major players, ‘SkyThread for Parts’ is designed to adapt to the needs of component market players.
