US Navy Exploring Blockchain for monitoring the parts of the aviation • Live Bitcoin News


The US U.S. Navy will collaborate with a technology company to explore the use of blockchain technology in order to keep track of parts of the aviation during their life cycle.

Continue adoption

According to a press release dated September 20th, Naval Air Systems Command (NAVAIR) is exploring the use of blockchain technology to keep track of parts of the aviation throughout their life cycle.

blockchain integration will enable lower operating costs and reduce resource consumption. The version states:

Knowing the origin and history of critical flight parts is a process that consumes resources that increases the costs of making military aircraft work. The Navy hopes to change the way it traces the lineage of the parties.

  U.S. Navy

NAVAIR is collaborating with Indiana Technology and Manufacturing Companies (ITAMCO) – the developers of a product that uses blockchain to track secure messages. Speaking on the issue, logistics specialist George Blackwood of the ISSC North Island Fleet Support Team said:

The Navy is very excited to work with ITAMCO on this cutting-edge technology to improve visibility. # 39; anti-tamper, traceability and transparency of data in the supply chain of NAVAIR.

Blockchain authorized

It is worth noting that the Navy already has a trustworthy network. This means that the new blockchain would simply resemble public blockchains that rely on computing power according to the "proof of work" consensus.

In turn, the Navy model will be an authorized blockchain that uses a consensus algorithm that requires much less computing power. According to the press release, the ability to manage the events of life and provide custody on a distributed ledger will be very useful not only for the Navy but also for the Department of Defense (DoD), not to mention the other partners in the sector . [19659004] The main goal of the new partnership is to provide a conceptual architecture for what a visible and fully connected supply chain could actually look like.

What do you think of the US Navy exploiting in the blockchain to solve the existing problems? Let us know in the comments below

Images courtesy of Shutterstock.

Tags: Adoption, blockchain, blockchain technology, DoD, US Navy

[ad_2]Source link