- Improve efficiency. Reduce time spent on routine inspections and maintenance.
- Defeat mercenary parts resellers. Compare the serial number of a part being offered against an indelible, real-time record of ownership, location and utilisation.
- Reinvent aircraft maintenance. Engage in more predictive maintenance. Reduce delays and lost revenue.
- Replace warranties with guarantees. Enable the spread of service arrangements under which a supplier guarantees the supply, repair and overhaul of components and systems.
- Build value in the secondary market. Extend the maintenance standards of jet engines to the whole aircraft with verifiable maintenance records updated in real time.
- Transform leasing. Make obsolete the need to tear down an aircraft to inventory its parts and assess their condition.
- Improve insurance. Insure individual planes in a way that reflect the risk of each.
Blockchain technology, with biometric identity verification, could make it practical to ensure that the identity of every person who interacts with a plane – and the status of their credentials –becomes part of the real-time snapshot of its condition.
In addition to knowing the provenance and history of a part, parties with appropriate permissions could also see in an instant the verified identity and qualifications of the person who installed or serviced it.