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11 Jun 2019

How blockchain can improve the aviation industry

What does blockchain, most closely associated in the public mind with cryptocurrencies, have to do with the process of moving 250-ton machines through the air? Simply put, what the aerospace industry doesn't know about its planes is costing it serious money. Having a more accurate view of a plane's configuration and maintenance history could help reduce costs and losses, boost asset availability and increase the value of planes in the secondary market and at the end of leases, and improve worker productivity. And blockchain has some unique attributes that will enable it to serve as a powerful tool for the industry.


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