SAE Update - December 2021 - 2

SAE NEWS
Using blockchain for aviation parts tracking
SAE International recently announced a cooperative
partnership with SkyThread, a Delaware-based
startup leveraging blockchain as an enabling
technology to track the journey of aviation assets
from entry into service to sale, modification,
conversion, transfer, redelivery, and final
decommissioning.
As part of the partnership with SkyThread, SAE will
launch new initiatives and services aimed at improving
safety and reliability while also unlocking billions of
dollars per year in currently unrealized global industry
values, beyond pre-pandemic levels of performance.
" We are excited to partner with SkyThread to
collaboratively support the aerospace industry's
digital transformation and help uncover new
opportunities for Safety and efficiencies, " said
Raman Venkatesh, chief operating officer of SAE
International and chairman of SAE Global LLC. " In
pursuit of its mission, SAE is uniquely positioned to
merge more than a century of consensus building
with aviation's accelerating shift towards a global
digital ecosystem, where fair distribution of value is
central. "
The aerospace industry currently uses manual
processes and highly fragmented legacy information
systems, which can affect the quality and timeliness of
data flow, even for information that pertains to the
same aircraft part or airplane. This creates
inefficiencies across many aircraft events, MRO and
aftermarket transactions. It is also affected by the
perceived risks in data sharing as well as a lack of fair
monetization and distribution of value created in and
across the ecosystem.
" SkyThread's blockchain-enabled data network,
combined with industry-leading validation, makes
2
December 2021
SkyThread CEO Mark Roboff has been a
member of SAE since 2019 and currently
chairs the SAE-G34/EUROCAE WG-114 Joint
International Committee for AI in Aviation.
records and documentation data
permanent and unchangeable, "
said Mark Roboff, chief executive
officer of SkyThread.
" Confidence that parts are
genuine, and that maintenance
and operating records are
authentic cannot be
overemphasized. Trust in aircraft
safety is everything in this
industry. "
Roboff chairs the SAE-G34/
EUROCAE WG-114 Joint
International Committee for AI in
Aviation, which is working to
develop the standard for the
certification of AI & ML in
aviation safety-critical systems.
UPDATE
SkyThread
https://www.skythread.aero/
SAE Update - December 2021

Table of Contents for the Digital Edition of SAE Update - December 2021
