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Blockchain use cases in Aviation Supply Chain Management

There are various powerful blockchain use cases in Aviation. In this article, lets take a look at one specific niche use case ie. Supply Chain Management ( SCM ). Lets understand the problem in detail and check out the solution blockchain can offer.
Basics: What does Supply Chain Management in the Aviation industry mean?
In general SCM is effective management of the chain of events and transportation of Goods, Services etc. from one point to another ( in the most cost effective and performance oriented manner ). Clear Supply Chain Management is required nearly in all the industries. Aviation as an industry relies heavily on excellent SCM. Be it a commercial aviation business or logistics business, there are several moving parts that are all very time bound. From transporting goods to and from the vessel, Food for passengers, MRO parts of the vessel, In-vessel Services etc. in every stage cost effective, quality and timely SCM practices are mandatory. As the entire industry runs on a very strict and thin profit margin, any disruptions in supply chain can cost millions of dollars in loss.
Next: How can Blockchain implementation help to improve Supply Chain Management in Aviation?
Following are some of the areas where Blockchain can add a lot of value:

blockchain use case aviation SCM
Apart from the above Supply Chain Management related use cases, the other areas where Blockchain implementation can add a lot of value are: More Effective Ticketing process, Identity verification & Security etc. As seen by experts the Maintenance, Repair and Overhaul( MRO ) industry along with the Aerospace and Defense ( A&D ) companies are all awaiting to see massive growth with the implementation Blockchain technology in their business process.

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