Leading Aircraft Component Manufacturer Adopts Blockchain Technology
Moog Inc., a United States-based designer and maker of motion and fluid control systems for aircraft, has integrated distributed ledger technology (DLT) into its processes in a bid to speed up the cumbersome process of aircraft parts replacement, according to a Wall Street Journal report on November 26, 2019.
Simplifying Existing Processes
Due to the heavily regulated nature of the aircraft spare parts market, airline operators often have to wait for several weeks before getting replacements for defective parts, as the sale of these components must first pass lengthy certification processes from the Federal Aviation Administration and other relevant agencies.
However, Moog is now looking to change this narrative through new technologies. In a bid to hasten up the entire process of aircraft parts replacement, Moog Inc has successfully carried out its first trial of blockchain technology and 3D printing.
Per sources close to the matter, Moog Inc has successfully demonstrated that blockchain technology and 3D printing has all it takes to simplify the existing processes in the aircraft component markets and create a whole new digital marketplace for aeroplane parts.
Moog Taps DLT and 3D Printing
Reportedly, with blockchain technology and 3D printing, Moog and its partners, have been able to help an airline to facilitate the replacement of a defective part in record time.
In the pilot project, Moog’s blockchain solution named VeriPart was used by Air New Zealand to order a replacement part for an in-seat screen for one of its aircraft, while flying from Auckland to Los Angeles.
Using the DLT solution, the airline’s maintenance team in New Zealand quickly ordered the digital file containing the exact part design from a Singapore-based engineering firm, the order was then hosted on Microsoft’s Azure cloud before getting printed on Moog’s 3D printer in Los Angeles, sent to the airport and installed on the plane, all within a few hours.
Commenting on the innovative project, George Small, Moog’s chief technology officer said:
“The idea is that I’m going to stock those parts digitally and turn them into physical goods when i need them. I is in the end, just trying to identify what all the inefficiencies are in the existing supply chains and then offer opportunities for improvement.”
The team were able to use DLT and 3D printing to replace reduce the paperwork involved in the parts replacement process, making it easier for a buyer to locate a part and purchase it in real-time.
In related news, earlier in November 2019, BTCManager informed that Hahn Air, a Germany-based airline had tapped blockchain technology for the issuance of air tickets.