Accenture, Thales Demonstrate Blockchain System For Aerospace Supply Chains At Farnborough Air Show

Blockchain, News | July 17, 2018 By:

Professional services giant Accenture and French multinational aerospace firm Thales are demonstrating a new blockchain sytem for the aerospace and defense (A&D) industry supply chains at this week’s Farnborough Air Show.

The blockchain system, jointly developed by Accenture and Thales as part of Thales’ firm-wide digital innovation program, is based on Hyperledger Fabric and combines blockchain, Internet of Things (IoT) and other innovative technologies to track, trace and authenticate aircraft parts and materials. The new blockchain system will provide suppliers, manufacturers and operators a single, shared view of the supply chain and an immutable audit trail.

“Identifying counterfeit and grey-market goods in the A&D supply chain can be challenging,” said Gareth Williams, vice president for secure communications and information systems at Thales UK. “Using blockchain in combination with cryptoseals and physically unclonable functions allows you to build a trusted history behind parts. This demonstration builds on the strong relationship Accenture and Thales have created developing innovative digital solutions for a variety of industries.”

The demo at this week’s Farnborough Air Show, the second largest such exhibition in the world, is expected to add momentum to the growing blockchain interest in the A&D industry. According to a recent research report from Accenture, 86 percent of A&D companies expect to integrate blockchain technology into their corporate systems by 2021.

“The aerospace and defense industry has one of the world’s most vast and complex supply chains,” said John Schmidt, global managing director for Accenture’s Aerospace and Defense practice. “Blockchain technology offers a new, elegant and secure way for the industry to track and trace myriad components while deterring counterfeiting and improving maintenance capabilities. Used in combination with technologies like digital twins and digital threads, blockchain could ultimately be a game-changing innovation for this sector.”