Skythread Unveils Track And Trace Solution For Aircraft Parts

Aerospace and Defense Review | Tuesday, October 04, 2022

SkyThread's blockchain SaaS service tracks airplane part occurrences from production through decommission.

FREMONT, CA: Blockchain has more business benefits than just building trust. For example, it can save businesses money by making them faster, more efficient, and more automated. Blockchain reduces overhead and transaction costs by reducing paperwork and mistakes and reducing or eliminating the need for third parties or intermediaries to verify transactions. SkyThread has unveiled SkyThread for Parts, a blockchain-based SaaS system that collects and monitors all aircraft part occurrences, on and off aircraft, from manufacturing to decommissioning.

"SkyThread for Parts utilizes the SkyThread Blockchain Data Network, which enables seamless data sharing between stakeholders in complex ecosystems with consensus-driven data governance and automated data validation," says Mark Roboff, Co-founder and CEO of SkyThread.

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Key launch customers include international airlines, airline-owned and independent MROs, tier-1 OEMs, and component repair stations.

"SkyThread does not replace the legacy IT systems used by airlines, MROs, and OEMs, but rather runs in cooperation with them." adds Roboff.

SkyThread is an aviation consortium and technology ecosystem focusing on aircraft asset management, aftermarket, and MRO to optimize data flow throughout aviation transactions (maintenance, repair, and overhaul.) Using blockchain technology, SkyThread is constructing a decentralized system of record for the aviation industry.

SkyThread for Parts eliminates the trust barriers that impeded the effective sharing of data among commercial aviation stakeholders. SkyThread for Parts unlocks significant savings and cash flow benefits for all aviation stakeholders by giving vital visibility into the aviation supply chain through SkyThread's one source of truth.

"SkyThread for Parts resolves the inefficiencies, waste, and delays that plague commercial aviation due in large part to the challenges of manually sharing part history data between siloed systems. Furthermore, SkyThread for Parts enables the industry to transform reliability analysis, moving to the tracking of actual cycles and hours for all serialized parts." continues Roboff.

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