What Is Blockchain In Aviation? | The Use Of Blockchain In Aviation | Blockchain Explained
Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding).
The goal of blockchain is to allow digital information to be recorded and distributed, but not edited. In this way, a blockchain is a foundation for immutable ledgers, or records of transactions that cannot be altered, deleted, or destroyed.
Blockchain technology in the aviation industry has the capability to unify systems for various industries like airlines and other travel industries like ticketing, loyalty programs, and non-airline logistical industries such as transportation and hotels.
What is blockchain in aerospace?
Blockchain is a promising and emerging technology that can have immense potential to provide decentralized trust, data security and integrity, traceability, transparency, visibility, and auditability across various areas in the aerospace and defense industries.
Mark is passionate about Aviation, Digital and Helping people. He is the founder of #DigitalAircraft and has almost 40 years of experience in the Aviation/Aerospace Industry, working hands-on with OEMs, Airlines and MROs in Operations, Engineering, Maintenance Training, Shop and Engine Operations.
Over his career, Mark has transitioned from being a consumer and user of IT Solutions to being a digital solutions provider. He leveraged his industry knowledge in starting and operating Aviation software companies and implementing digital solutions at over 250 Aviation and Aerospace companies.
Mark holds FAA A&P and Commercial Instrument Multiengine Pilot Certificates. He completed his undergraduate studies in Engineering at Purdue University before going on to complete his MBA at the University of Denver.
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