In another example of a technology in search of an application, proponents of the efficiency and transparency of blockchain are exploring applications for aerospace, which faces an enormous challenge of managing a supply chain of tens of thousands of essential parts that make up an aircraft.
Manufacturers like Airbus, Rolls-Royce and Moog are all evaluating blockchain solutions to various business challenges. However, firms like Enders Analysis remind firms to stay on point.
Per Reuters, “Upgrading systems to take advantage of technological progress is important and can increase efficiency,’ the analysts wrote in general advice to any company looking at blockchain. ‘But those ends are much more important than the means: There is no point deploying blockchain — or a product marketed as blockchain — just for the sake of it.”
Click here for more details.
For access to some of the most profitable opportunities in the defense technology sector, check out Massengill’s Defense Technology Alert. Click here to learn more.
Manufacturers like Airbus, Rolls-Royce and Moog are all evaluating blockchain solutions to various business challenges. However, firms like Enders Analysis remind firms to stay on point.
Per Reuters, “Upgrading systems to take advantage of technological progress is important and can increase efficiency,’ the analysts wrote in general advice to any company looking at blockchain. ‘But those ends are much more important than the means: There is no point deploying blockchain — or a product marketed as blockchain — just for the sake of it.”
Click here for more details.
For access to some of the most profitable opportunities in the defense technology sector, check out Massengill’s Defense Technology Alert. Click here to learn more.
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