Six out of seven companies in the aerospace and defense industries plan to incorporate blockchain technology



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According to Accenture's "Launchpad to Relevance: Aerospace & Defense Technology Vision 2018", about six out of seven (86%) aerospace and defense companies plan to incorporate blockchain technology into their systems. 39, business within three years. This is a higher percentage than in almost all of the 18 industries studied in the Technology Vision 2018 study.

Blockchain – one of the newest and most powerful technologies – is a distributed database that records the mode information to allow its sharing with multiple people and in a completely safe and confidential manner. According to the Accenture report, the security features, immutability and decentralization of blockchain information can help aerospace companies reduce maintenance costs, increase aircraft availability and minimize errors in the chain logistics. "The blockchain is the appropriate technology to improve the performance of one of the most comprehensive, interconnected and security-dependent supply chains in the world," said Eduardo Fitas, vice president of Accenture Portugal, responsible for the area. communications, media and technology. This technology offers great benefits to the hundreds of suppliers that are usually part of the manufacture of a single aircraft.

On the other hand, this Accenture study highlights several data challenges provided by blockchain technology. The survey shows, for example, that more than 2/3 (70%) of aerospace and defense executives believe that businesses will have to deal with ever-increasing corrupt data streams as they grow. that more counterfeit data infiltrates. information systems. In addition, about three-quarters (73%) of respondents believe that businesses base their most important systems and strategies on data; Yet, many have not invested in capabilities to verify their accuracy. The same percentage also considers that automated systems create new risks, including false data, manipulation and distorted information.

By providing a secure and unalterable data string, blockchain can help detect falsified numbers. to prove their veracity. This technology can also help track and provide reliable aircraft configuration data throughout the supply chain as manufacturers, service providers, and airlines are currently monitoring configuration data on their own systems. and rarely integrate this information with data from other companies.

"Knowing at all times the actual configuration of an aircraft in service is fundamental," says Eduardo Fitas. "The blockchain allows aerospace and defense stakeholders to share, capture and authenticate data from a single source in a secure manner."

In another report titled Extending the Digital Thread with Blockchain, Accenture Reveals how blockchain can be used in parallel with digital twins and how it can be a technology supporting a powerful tool known as digital wire, a vast collection interconnected data flows. This tool can provide more efficient ways of sharing data throughout design, manufacturing, and maintenance, resulting in faster production and lower costs, superior maintenance, and timely updates. .

The chain of blocks, digital twins and digital wires blend into a powerful combination of technologies that will drive the industry to higher levels of performance, data veracity, security and reliability. efficiency, "says Accenture's vice president.

The Launchpad to Relevance Study: Aerospace & Defense Technology Vision 2018 is part of Accenture's 2018 Technology Vision report, which forecasts the key trends likely to affect businesses over the next three years, such as artificial intelligence and reality. Virtual or Augmented. Here are some of the key data collected from aerospace and defense industry executives surveyed:

  • 2/3 (67%) said that their companies would invest in the "aerospace and defense industry. IA next year and that many of them, security, research and development.
  • Four in five (about 80%) anticipate that by 2021, each of their workers will be directly affected by AI – based decisions in their daily lives.
  • More than half (57%) will invest in augmented reality and virtual reality next year.

Methodology

The Accenture Technology Vision study is conducted annually by Accenture Labs and Accenture Research. For the 2018 report, the research process was supported by the External Advisory Board Technology Vision, a group of more than twenty people with experience in the public and private sectors, education, venture capital companies and businesses. Accenture Research conducted a global online survey in 25 countries and 18 industries, as well as more than 6,300 business executives. Accenture Research conducted a global online survey in 25 countries and 18 industries with more than 6,300 business leaders. Enterprise and Information Technology (IT) to understand different perspectives in the use of emerging technologies. The study identified the main issues and priorities for the adoption and investment of technology. Most of the respondents were senior executives in certain industries in companies with annual revenues exceeding $ 500 million.

Content Six out of seven aerospace and defense companies plan to incorporate blockchain technology first appears in the magazine i9

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