Digital transformation in the MRO industry has the potential to bring transparency and accountability to the aviation sector. The importance of the MRO sector is underpinned by the fact that 94% of companies recognized MRO to be a fundamental part of their overall operations.Blockchain technology is one of the mose important aspects od this transformation.
The aviation MRO industry has always been on the back foot when it comes to adopting new technologies or bringing changes to how things have been done in the past. Airlines, aircraft manufacturing, and regulatory authorities are tasked with the continuing mission of guaranteeing passenger safety via good MRO management.
Digitalization of MRO
The digitalization of MRO ventures drives to the growing usage of software, point solutions, and robotics by end-users. The increasing demand for the replacement of legacy management information systems with digital aviation MRO software is projected to drive the growth of the market.
In the world of MRO, the digital revolution is about much more than just performing paperless – it’s a chance to increase the efficiency of solutions on a unique scale. Digitalization means total traceability in all operations and generates troves of data that can be analyzed and classified into blockchains to further enhance the services we provide for you. This kind of maintenance promotes the provision and transmission of all information and enhances the quality of data input. Documenting data electronically implies that some work processes can even be dropped fully or become more streamlined, clearer and less sensitive to errors.
What is blockchain technology?
Blockchain technology is a large step toward the digitalization of record-keeping in the MRO industry. Blockchain efficiently collects, records and encrypts maintenance data from a company and lastingly uploads it online in a ‘chain’ of information. The data can include a wide list of aircraft parts, dates of service and maintenance and information on repairs.
Blockchain technology, a shared digital ledger of unalterable records, has a great chance to shine in giving the traceability, transparency, interoperability, and auditing capabilities that MRO so desperately needs.
Once the data is recorded, it cannot be modified, which leads to reliable data storage for every viewpoint of the MRO industry whilst excluding potential human error when recording measurements.
Benefits of blockchain technology
Excluding conceivably inaccurate recordings from inside a supply chain diminishes labor expenses, helps in securing the quality of the parts being produced and lessens imprecision and loss of data from manual recording and storage. Securing that the data has not been tampered with also gives both liability and trustworthiness to the company providing the data.
It’s like having a digital ‘birth certificate’ for every part, updated every time the plane is serviced or inspected. These birth certificates can be aggregated into a ‘digital twin’ of the aircraft that provides a real-time snapshot of its condition from the moment it exits the assembly line to when it is returned to its lessor or retired from the fleet. It helps reduce costs and losses associated with downtime and unplanned maintenance, boost the value of planes in the secondary market and at the end of leases, and improve worker productivity.
Although blockchain is openly available to the public, its secure encryption guarantees that the information itself persists private. The accessibility of the information to everyone within an organization drives transparency and accountability inside the workplace. MRO can be better timetabled into a company’s planning due to the accessibility of accurate findings and data from MRO inspections.
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