SkyThread has announced a cooperative partnership with SAE International, a Pennsylvania-based global organization serving the mobility sector, predominantly in the aerospace, automotive, and commercial vehicle industries, fostering safety and innovation through industry collaboration.
As part of the partnership with SAE, SkyThread will launch new initiatives and services aimed at improving safety and reliability while also unlocking billions of dollars per year in currently unrealized global industry values, beyond pre-pandemic levels of performance.
“We are excited to partner with SkyThread to collaboratively support the aerospace industry’s digital transformation and help uncover new opportunities for Safety and efficiencies,” said Raman Venkatesh, COO of SAE International and chairman of SAE Global. “In pursuit of its mission, SAE is uniquely positioned to merge more than a century of consensus building with aviation’s accelerating shift towards a global digital ecosystem, where fair distribution of value is central.”
The aerospace industry currently uses manual processes and highly fragmented legacy information systems, which can affect the quality and timeliness of data flow, even for information that pertains to the same aircraft part or airplane. This creates inefficiencies across many aircraft events, MRO and aftermarket transactions. It is also affected by the perceived risks in data sharing as well as a lack of fair monetization and distribution of value created in and across the ecosystem.
SkyThread’s blockchain-enabled data network, combined with industry-leading validation makes records and documentation data permanent and unchangeable,” said Mark Roboff, SkyThread CEO, “Confidence that parts are genuine, and that maintenance and operating records are authentic cannot be overemphasized. Trust in aircraft safety is everything in this industry.”