Multi-year cooperative agreement with SkyThread to improve aviation safety, supply chain reliability and unlock value by improving the flow of data between airline transactions
WARRENDALE, Pennsylvania., October 7, 2021 / PRNewswire-PRWeb / – SAE International today announced a cooperative partnership with SkyThread, a DelawareBlockchain-based startup as an enabling technology to follow the journey of aeronautical assets from commissioning to sale, modification, conversion, transfer, return and final decommissioning.
As part of the partnership with SkyThread, SAE will launch new initiatives and services aimed at improving safety and reliability while unlocking billions of dollars per year in currently unrealized global industrials, beyond pre-pandemic performance levels. .
“We are delighted to partner with SkyThread to collaboratively support the digital transformation of the aerospace industry and help uncover new opportunities in safety and efficiency,” said Raman venkatesh, COO of SAE International and President of SAE Global LLC. “In pursuing its mission, SAE is uniquely positioned to merge over a century of consensus building with accelerating aviation’s transition to a global digital ecosystem, where a fair distribution of value is central. . “
The aerospace industry currently uses highly fragmented manual processes and legacy information systems, which can affect the quality and timeliness of the data flow, even for information relating to the same aircraft part or the same aircraft. . This creates inefficiencies in many aviation events, MROs, and aftermarket transactions. It is also affected by the perceived risks in sharing data as well as the lack of monetization and equitable distribution of the value created in and across the ecosystem.
“SkyThread’s blockchain-enabled data network, combined with state-of-the-art validation, makes records and documentation data permanent and immutable,” said Marc Roboff, CEO of SkyThread. “The confidence that parts are genuine and that maintenance and operating records are genuine cannot be overstated. Confidence in aircraft safety is everything in this industry.”
For more information on SAE International, visit: http://www.sae.org.
To learn more about SkyThread, visit: http://www.skythread.aero.
About SAE International
SAE International is a global organization committed to advancing knowledge and mobility solutions for the benefit of humanity. By hiring nearly 200,000 engineers, technical experts and volunteers, we connect and educate mobility professionals to enable safe, clean and accessible mobility solutions. We act on two priorities: fostering a lifetime of learning for mobility engineering professionals and setting the standards for industrial engineering. We aspire to a better world through the work of our SAE philanthropic foundation, including award-winning programs like A World In Motion® and the Collegiate Design Series ™. More at http://www.sae.org.
SkyThread is a blockchain-based data network provider that aims to enable commercial aviation stakeholders to unlock billions of value by rapidly accelerating error-free data exchange between participants. The company has developed a federated and reliable recording system coupled with state-of-the-art validation logic that makes data permanent and immutable. We call this “Data for the Life of the Aircraft” authentication. The system is compatible with existing IT systems and does not require any capital investment from aviation stakeholders such as airlines, donors, aircraft manufacturers, regulators and suppliers. The rules for data exchange are governed by the Independent Data Consortium for Aviation, a neutral, consensus-driven consortium made up of various industry stakeholders, of which SkyThread is a member.
Justin falce, SAE International, 7247727141, [email protected]
SOURCE SAE International