Blockchain is very useful in many
industries for many reasons. The industry has seen this applied to the supply
chain for manufacturing concerns, and automobile manufacturers, and other uses.
This is completely applicable across many industries with other uses. What
makes this so useful are its features which have been present since the
beginning. These include the un-alterability of the data and chain. Once the
data is in, the data can’t be changed,
notwithstanding a power-intensive successful attack. This also allows for encryption
to be used for further security.
One industry that has not
overly-accepted this application has been the airline industry, an area where
this is a great fit. One area of operations with this would be maintenance. This
area is more important than ever. A maintenance issue with a car has the driver
simply pulling over and waiting for a tow truck. The airplane with a
maintenance issue has a much more critical outcome, depending on where the
issue occurred and its criticality rating. Blockchain certainly has used with
this. Maintenance on the airplanes is on-going and may include an overhaul.
Blockchain can be used to update the maintenance logs as these occur. As these
are regularly updated and added, the time spent on routine inspections would be
lower and would not be able to be changed once in the blockchain. This also
provides immutable proof the maintenance occurred and the data is direct.
Blockchain is a decentralized
digital ledger consisting of records called blocks that are used to record
transactions across many computers so that any involved block cannot be changed
retroactively, without the alteration of subsequent blocks. This is especially
beneficial for logs which cannot or should not be altered or to add a layer of
cybersecurity.
Please contact us when we may be of
assistance with showing you when and how to apply blockchain to your business
and processes.
Charles Parker, II; Principal
Scientist; MBA/MSA/JD/LLM/PhD/DCS (IP)
810-701-5511
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