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Monday, July 3, 2017

Next Industry to Embrace Blockchain is Aerospace: Accenture

Next Industry to Embrace Blockchain is Aerospace: Accenture

Blockchain is quickly becoming one of the most useful technologies in the world, like banking, medical and supply chain industries taking advantage of its unique capabilities.

The latest industry to embrace Blockchain technology is aerospace. Accenture Director of Aerospace and Defense, John Schmidt, recently identified Blockchain as the next great innovation in airplane maintenance at the 2017 Paris Airshow.

The difficulty, according to Schmidt, with engine maintenance, for example, is that data for the engine is not stored in a single accessible location, making improvements and evaluation difficult.

However, "Blockchain is in effect a single federated ledger that everybody who uses and touches that engine could use it as a single point of truth of what has happened to the engine,” Schmidt said.

Full story at

Source: CoinTelegraph

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