Hyperledger Fabric for Aviation Parts Marketplace Development

What happens to an aircraft when it reaches the point where it can no longer fly? Operators salvage useful items, such as engines and landing gear. These parts can then be sold, recertified as secure, and reused in other planes. In reality, used aircraft parts have a booming market worth $4 billion per year and growing. Until recently, however, looking for used aerospace parts was like going back in time to the 1990s. There was nothing wrong with the parts: before being sold, each one must be carefully recorded and certified. The issue was the vendor-created websites. They resembled Craigslist, but without the prices or photographs. And if a buyer found a part they wanted, they still had to negotiate with the seller over the phone, fax, or e-mail. This took days, if not weeks, to complete.

Url: https://blockchain.oodles.io/blog/hyperledger-fabric-aviation-parts-marketplace-development/

Main category: Business

Sub category: Financial Services

Tags: hyperledger, blockchain, hyperledger blockchain development, hyperledger fabric

Added: 12-11-2021