Accenture to use Blockchain Tools for Aerospace Supply Chains

Accenture to use Blockchain Tools for Aerospace Supply Chains

Dublin-based major consultancy firm Accenture has partnered with French multinational aerospace firm Thales Group to update aircraft supply chains using blockchain, according to a press release July 16.

Based on Hyperledger Fabric and set for its debut at the UK’s Farnborough Airshow July 21-22, the solution will use blockchain in tandem with Thales’ physically unclonable function (PUF) tool to “track, trace and authenticate aircraft parts and materials.”

Schmidt added blockchain could soon be a “game changer” for aerospace, reiterating comments made in 2017 about the technology’s ability to guarantee authenticity.

Hyperledger Fabric has continued to see multiple implementations through 2018, many of which have come in the form of IBM Blockchain, a suite of services for that help enterprises implement so-called distributed ledger technology (DLT).

While some sectors of the global economy voice doubt about blockchain’s actual potential effectiveness for business, Accenture nonetheless remains buoyant. The firm released a report in June concluding that 86 percent of aerospace and defense companies will adopt the technology within three years.

John Schmidt, global managing director for Accenture’s Aerospace and Defense practice said in a press release:

“The aerospace and defense industry has one of the world’s most vast and complex supply chains,”

He also said :

“ Blockchain technology offers a new, elegant and secure way for the industry to track and trace myriad components while deterring counterfeiting and improving maintenance capabilities. Used in combination with technologies like digital twins and digital threads, blockchain could ultimately be a game-changing innovation for this sector.”

The company is working to implement blockchain technology into their systems by 2021, according to a report from Accenture.

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