Honeywell Brings Blockchain to Used Aircraft Parts Market

Honeywell International Inc. is using blockchain to shake up the market for used aircraft components, making it easier to check the certification and origin of a part and speeding up transactions. The company’s Honeywell Aerospace unit earlier this year introduced an online marketplace based on blockchain that lets more than 800 international buyers and sellers trade aerospace parts in real time. Participants include Dassault Falcon Jet Corp. and aircraft-repair specialist StandardAero Aviation Holdings Inc.
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Source: www.wsj.com