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Unsettled Topics Concerning Adopting Blockchain Technology in Aerospace

Author: Rhonda D Walthall

Publisher: Sae Edge Research Report

Published: 2020-10-30

Total Pages: 32

ISBN-13: 9781468602500

Aerospace is an industry where competition is high and the need to ensure safety and security while managing costs is foremost. Stakeholders, who gain the most by working together, do not necessarily trust each other. Changing backbone technologies that drive enterprise systems and secure historical records does not happen quickly (if at all). At best, businesses adapt incrementally, building customized applications on top of legacy systems. The complexity of these legacy systems leads to duplication of efforts and data storage, making them very inefficient. Technology that augments, rather than replaces, is needed to transform these complex systems into efficient, digital processes. Blockchain technology offers collaborative opportunities for solving some of the data problems that have long challenged the aerospace industry. The industry has been slow to adopt the technology even though experts agree that it has real potential to revolutionize the global supply chain-including maintenance, repair, and overhaul (MRO)-driving tremendous cost, excess inventory, and inefficiencies out of the system. This report discusses how the adoption of blockchain technology could have a significant impact on the aerospace industry and addresses some of the unsettled concerns surrounding the implementation of the technology. NOTE: SAE EDGE(TM) Research Reports are intended to identify and illuminate key issues in emerging, but still unsettled, technologies of interest to the mobility industry. The goal of SAE EDGE(TM) Research Reports is to stimulate discussion and work in the hope of promoting and speeding resolution of identified issues. SAE EDGE(TM) Research Reports are not intended to resolve the challenges they identify or close any topic to further scrutiny.

AI and Blockchain Optimization Techniques in Aerospace Engineering

Author: Vignesh, U.

Publisher: IGI Global

Published: 2024-03-05

Total Pages: 272

ISBN-13:

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The amalgamation of artificial intelligence (AI), optimization techniques, and blockchain is revolutionizing how to conceptualize, design, and operate aerospace systems. While optimization techniques are pivotal in streamlining aerospace processes, security challenges have recently surfaced. AI and Blockchain Optimization Techniques in Aerospace Engineering delves into the transformative impact of technologies on various facets of the aerospace industry, offering a multidimensional solution to overcome security concerns and enhance the overall efficiency of aerospace systems The book explores how machine learning reshapes aerospace systems by automating complex tasks through self/reinforced learning methods. From air traffic data analysis to flight scheduling, geographical information, and navigation, machine learning has become an indispensable tool, offering valuable insights that enhance aerospace operations. Simultaneously, blockchain technology, with its inherent characteristics of decentralization and tamper-proof ledgers, ensures transparency, accountability, and security in transactions, providing an innovative approach to data integrity and system resilience. Designed for technology development professionals, academicians, data scientists, industrial experts, researchers, and students, the book offers a panoramic view of the latest innovations in the field.

Opportunities, Challenges, and Requirements for Use of Blockchain in Unmanned Aircraft Systems Operating Below 400 Feet Above Ground Level for Commercial Use

Author: G-31 Electronic Transactions for Aerospace Committee

Publisher:

Published: 2023

Total Pages: 0

ISBN-13:

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This SAE Aerospace Information Report (AIR) focuses on opportunities, challenges, and requirements in use of blockchain for Unmanned Aircraft Systems (UAS) operating at and below 400 feet above ground level (AGL) for commercial use. UAS stakeholders like original equipment manufacturers (OEMs), suppliers, operators, owners, regulators, and maintenance repair and overhaul (MRO) providers face many challenges in certification, airspace management, operations, supply chain, and maintenance. Blockchaindefined as a distributed ledger technology that includes enterprise blockchaincan help address some of these challenges. Blockchain technology is evolving and also poses certain concerns in adoption. This AIR provides information on the current UAS challenges and how these challenges can be addressed by deploying blockchain technology along with identified areas of concern when using this technology. The scope of this AIR includes elicitation of key requirements for blockchain in UAS across its life cycle and the need for the standardization of blockchain-enabled processes. The number of Unmanned Aircraft Systems (UAS) has been growing over the past few years and will continue to grow at a faster pace in the near future. UAS faces many challenges in certification, airspace management, operations, supply chain, and maintenance. Blockchaindefined as a distributed ledger technology for the enterprise that features immutability, traceability, automation, data privacy, and securitycan help address some of these challenges. However, blockchain also has certain drawbacks and it is still not fully mature. Hence, it is essential to study how blockchain can help UAS. This SAE Aerospace Information Report (AIR) presents the current opportunities and challenges of UAS operating at or below 400 feet above ground level (AGL) altitude for commercial use and how blockchain can help meet these challenges. It also provides requirements for developing a blockchain solution for UAS along with the need for the standardization of blockchain-enabled processes.

Blockchain Technology in the Aerospace Industry

Author: Marc Richenberger

Publisher:

Published: 2018

Total Pages:

ISBN-13:

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The purpose of the present thesis is to identify how blockchain technology can be applied in the aerospace industry and how it might change the operational environment in the future. For this reason, blockchain itself and its essential functions are explained by taking various application examples into consideration. These findings are then applied to the aerospace sector and it is investigated, how successful usage of the technology might change the industry in the future. For this purpose, predictions about the future of blockchain and aerospace were worded and tested in the framework of a Delphi study. Industry experts provide quantitative evaluations as well as qualitative reasoning for statements about the future of blockchain technology in aerospace. The importance of those predictions and the chance to be realized in practice are judged by using two measures: the probability of a prediction about blockchain and aerospace being true in the future and the impact assessment on the industry. Qualitative information is used to understand the reality behind numbers and clear the picture in case of inconsistencies.

Determination of Cost Benefits from Implementing a Blockchain Solution

Author: G-31 Electronic Transactions for Aerospace Committee

Publisher:

Published: 2021

Total Pages: 0

ISBN-13:

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This SAE Aerospace Recommended Practice (ARP) provides insights on how to perform a Cost Benefit Analysis (CBA) to determine the Return on Investment (ROI) that would result from implementing a blockchain solution to a new or an existing business process. The word "blockchain" refers to a method of documenting when data transactions occur using a distributed ledger with desired immutable qualities. The scope of the current document is on enterprise blockchain which gives the benefit of standardized cryptography, legal enforceability and regulatory compliance. The document analyzes the complexity involved with this technology, lists some of the different approaches that can be used for conducting a CBA, and differentiates its analysis depending on whether the application uses a public or a private distributed network. This document is intended for people who do not have a deep technical understanding or familiarity with blockchain solutions to qualify and quantify its economic benefits (i.e., the value proposition). The aerospace industry is rapidly digitalizing processes across its asset life cycle stages including most transactions, and with this are emerging novel ways of recording these electronic transactions. One such technology for recording electronic transactions securely is Blockchain, defined as distributed ledger technologies which includes enterprise blockchain, not having a wider use in the aerospace industry because of the lack of technical understanding as well as questions about its benefits. Assessing these benefits relative to the investments needed to implement such a blockchain solution is difficult, contributing to the slow adoption rate. The aerospace industry is conservative in its approach to technology adoption and hence it is difficult to change legacy processes. Additionally, the industry is very fragmented, technology is advancing at a faster rate and applies to a wide geographical range under different regulatory oversight that makes implementation challenging. This recommended practice lays out a methodology for qualifying and quantifying the benefits of replacing or augmenting a legacy process with a blockchain solution.

The Truth Machine

Author: Paul Vigna

Publisher: St. Martin's Press

Published: 2018-02-27

Total Pages: 352

ISBN-13: 1250114608

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"Views differ on bitcoin, but few doubt the transformative potential of Blockchain technology. The Truth Machine is the best book so far on what has happened and what may come along. It demands the attention of anyone concerned with our economic future." —Lawrence H. Summers, Charles W. Eliot University Professor and President Emeritus at Harvard, Former Treasury Secretary From Michael J. Casey and Paul Vigna, the authors of The Age of Cryptocurrency, comes the definitive work on the Internet’s Next Big Thing: The Blockchain. Big banks have grown bigger and more entrenched. Privacy exists only until the next hack. Credit card fraud is a fact of life. Many of the “legacy systems” once designed to make our lives easier and our economy more efficient are no longer up to the task. Yet there is a way past all this—a new kind of operating system with the potential to revolutionize vast swaths of our economy: the blockchain. In The Truth Machine, Michael J. Casey and Paul Vigna demystify the blockchain and explain why it can restore personal control over our data, assets, and identities; grant billions of excluded people access to the global economy; and shift the balance of power to revive society’s faith in itself. They reveal the disruption it promises for industries including finance, tech, legal, and shipping. Casey and Vigna expose the challenge of replacing trusted (and not-so-trusted) institutions on which we’ve relied for centuries with a radical model that bypasses them. The Truth Machine reveals the empowerment possible when self-interested middlemen give way to the transparency of the blockchain, while highlighting the job losses, assertion of special interests, and threat to social cohesion that will accompany this shift. With the same balanced perspective they brought to The Age of Cryptocurrency, Casey and Vigna show why we all must care about the path that blockchain technology takes—moving humanity forward, not backward.

Signals for Strategists

Author: David Schatsky

Publisher:

Published: 2015

Total Pages:

ISBN-13: 9780795345609

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This book is for strategists0́4leaders, managers, entrepreneurs0́4who are so caught up in the daily pressures of business that they're missing key signals of their future reality. It's like driving a car heads down, staring at the dashboard, rather than heads up, looking through the windshield. We need to do both. The book is devoted to the practice of sensing, or scanning the horizon for signs of emerging trends. The sooner we see them, the better our response.Each chapter starts with a set of signals0́4data we observed that, taken together, helped us to reveal a trend. The impact of new technology on strategy is a theme of the book, and each chapter looks at how organizations are using new technologies to their advantage.The goal is to spark meaningful conversations within organizations: How could we participate in the collaborative economy? What could our CIO and our CMO be doing to drive strategy, innovation, and revenue growth? What could we do to leverage the Internet of Things and intelligent automation as catalysts of invention? Could we use MOOCs as pivots for corporate training, recruiting, and marketing? How might technology transform the manufacturing process, our supply chain, and the knowledge work that we do? Could we take advantage of the renaissance in domestic energy (oil and gas)? What could we be doing to counter cyber crime? What is our organization doing to tune into signals of emerging trends that may be relevant to us?In an environment where the pace of change is accelerating, sensing has become an essential discipline for all organizations. No matter your role in an organization, sensing emerging trends can make you more effective and more valuable in your work. If you've been working too heads-down lately and feel overwhelmed by data and deadlines, then this book is for you. It's a quick read designed to give you a heads up on your horizon.

Artificial Intelligence

Author: Marco Antonio Aceves-Fernandez

Publisher: BoD – Books on Demand

Published: 2018-06-27

Total Pages: 466

ISBN-13: 178923364X

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Artificial intelligence (AI) is taking an increasingly important role in our society. From cars, smartphones, airplanes, consumer applications, and even medical equipment, the impact of AI is changing the world around us. The ability of machines to demonstrate advanced cognitive skills in taking decisions, learn and perceive the environment, predict certain behavior, and process written or spoken languages, among other skills, makes this discipline of paramount importance in today's world. Although AI is changing the world for the better in many applications, it also comes with its challenges. This book encompasses many applications as well as new techniques, challenges, and opportunities in this fascinating area.

Next Generation Supply Chains

Author: Rosanna Fornasiero

Publisher: Springer Nature

Published: 2020-12-31

Total Pages: 298

ISBN-13: 3030635058

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This open access book explores supply chains strategies to help companies face challenges such as societal emergency, digitalization, climate changes and scarcity of resources. The book identifies industrial scenarios for the next decade based on the analysis of trends at social, economic, environmental technological and political level, and examines how they may impact on supply chain processes and how to design next generation supply chains to answer these challenges. By mapping enabling technologies for supply chain innovation, the book proposes a roadmap for the full implementation of the supply chain strategies based on the integration of production and logistics processes. Case studies from process industry, discrete manufacturing, distribution and logistics, as well as ICT providers are provided, and policy recommendations are put forward to support companies in this transformative process.

Regulating Blockchain

Author: Philipp Hacker

Publisher: Oxford University Press

Published: 2019-08-01

Total Pages: 464

ISBN-13: 0192579509

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Less than a decade after the Financial Crisis, we are witnessing the fast emergence of a new financial order driven by three different, yet interconnected, dynamics: first, the rapid application of technology - such as big data, machine learning, and distributed computing - to banking, lending, and investing, in particular with the emergence of virtual currencies and digital finance; second, a disintermediation fuelled by the rise of peer-to-peer lending platforms and crowd investment which challenge the traditional banking model and may, over time, lead to a transformation of the way both retail and corporate customers bank; and, third, a tendency of de-bureaucratisation under which new platforms and technologies challenge established organisational patterns that regulate finance and manage the money supply. These changes are to a significant degree driven by the development of blockchain technology. The aim of this book is to understand the technological and business potential of the blockchain technology and to reflect on its legal challenges. The book mainly focuses on the challenges blockchain technology has so far faced in its first application in the areas of virtual money and finance, as well as those that it will inevitably face (and is partially already facing, as the SEC Investigative Report of June 2017 and an ongoing SEC securities fraud investigation show) as its domain of application expands in other fields of economic activity such as smart contracts and initial coin offerings. The book provides an unparalleled critical analysis of the disruptive potential of this technology for the economy and the legal system and contributes to current thinking on the role of law in harvesting and shaping innovation.