NFT for Safer Aviation Industry
From the previous 3IPK Industry Insight titled Introduction to NFT : Beyond Artform and Into Business, Industry and Transport, 3IPK has explained that NFTs go far beyond artform and have a myriad of implementations that can improve various verticals and industries. Aviation is one of the industries that can be improved through NFT technology. In this second industry insight iteration, 3IPK would like to lay out possible use case of NFT in aviation industry specifically in how to make it safer :
Maintenance and repair can be viewed as an unlikely candidate for NFT implementation, yet in the Aerospace industry, with many intricate rapiers done via MRO centers across the world, no one repair is ever done by the same person. An NFT certificate is the perfect tool to record as a visual document a proof of repair, which can be referred back to in a fast manner. Furthermore, larger scale repairs also require multiple technicians to complete one task, this is where automated smart-contracts allow the execution of multiple tasks, by multiple people into one NFT certificate of completion.?
2. NFT for Aircraft Lifecycle History
Throughout its lifecycle, aircrafts may change ownership up to five or six times, which makes the tracking and tracing of information a time-consuming and tedious process. For this reason, NFT can provide an immutable record for those historical information. Most of the information such as maintenance record, flight history, even as granular as components record can be made immutable using NFT. No bad actors can falsify the information that has already been recorded in an NFT, hence even? the last owner of the aircraft can be sure that what they bought is just as recorded in the NFT.
3. NFT for Component Certification
In aviation, one tiny problem with vital aircraft components is that it? can be fatal for humans and/or cargo onboard. For example, in 2002, China Airlines Flight 611 went down due to fatigue metal, a structural failure of the aircraft that could have been prevented with better record keeping and proper maintenance. With NFTs, big components such as an engine and/or small ones like bolts and platings can be certified for its origin, condition, placement, replacement and other important data that can be proven useful in an event of error to trace back the components and to prevent bad actors to falsify important informations related to the component that can harm the aircraft.
4. NFT for In-Flight Food Safety
The daily supply chain for in-flight food is enormously complex, as it requires food to be sourced from multiple sources and even imported, prepared in such a way that it can be? palatable yet safe to consume in high altitude. According to IFEC statistics, the flight catering industry worth 8.9 Billion USD is expected to grow by 21.8 Billion USD in 2027, making the industry even bigger. This would require a more scalable yet highly accurate system to regulate the safety of its food product. Food safety is one vertical where? NFT can be implemented. Using NFT integrated with IOT or human operator,the journey of each product can be recorded on a blockchain and given a certificate in the form of an NFT. This NFT will ensure that the product has passed safety standards and is tamper proof, preventing suppliers from trying to manipulate food safety data.
As an added value, this NFT can even be shown to the end user directly with QR codes on the food packaging where they can scan and see that their food is highly safe for consumption. Thanks to the transparency traits of an NFT, the blockchain in which these data reside can be made open for everyone to see. In fact 3IPK also has a solution related to enhancement of food safety and transparency through blockchain called Gratitude.
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5. NFT for Flight Configuration Management
The aviation industry is a complex industry with interconnected yet delicate systems that are highly sensitive to changes. Starting from flight scheduling, aircraft configuration, flight tower configuration, and many more systems inside and outside the airport are highly complex. A? slight deviation can cause delays and worse, accidents. Through NFT and blockchain, these configurations can be microcertified and made tamper proof. Configuration of each system can be certified down to minutes, even seconds of changes that’s made on it. Therefore in case of emergency, NFT of system configuration can be referred for investigation and can even deter future issues because the system will be tamper proof.
These are 5 use cases of blockchain and NFT technology that can enhance the safety of the near future aviation industry. 3IPK certainly can assist companies or governments that wish to discover further on how blockchain can be used for such purposes. In fact, the team is currently at Farnborough Airshow 2022 open for all kinds of consultation for improving aerospace and aviation industry with blockchain technology.
Come visit 3IPK’s at Booth No: 41536, Hall 4, 18th and 22nd July 2022 at Farnborough Airshow 2022.
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