STX Aero Service announced on the 24th that it demonstrated how aviation maintenance and parts can be recorded via blockchain at the International Air Transport Association (IATA) Maintenance Cost Conference, held in Athens, Greece.

The demonstration was presented by Dr. Choi Soo-hyuk, who is currently an adjunct professor of blockchain at Korea University.

STX Aero Service reported that blockchain has shown to be a useful tool to prevent forgery and alteration of aviation parts as well as to keep track of maintenance history, as evidenced through the recent collaboration with Dr. Choi.

STX Aero Service plans to implement the technology to complete its landing gear system within the coming months and start its pilot service early next year. The company has reported that global airlines such as the US and Europe has shown great interest in this software solution.

IATA MCC Overview

MCC (Maintance Cost Conference), which considers to be one of the saught after gatherings among airline alliances, is a highly interactive, 2-day conference that features presentations and discussions with relevant industry stakeholders. The aim is to exchange ideas, share operational experiences, and come up with a collaborative solutions that benefit the industry as a whole.

STX Aero Service Overview

STX Aero Service, a subsidiary of STX Corporation which was established last year, provides a high-end MRO (Maintenance, Repair, and Overhaul) services. Currently the company has launched a landing gear overhaul service, which estimates to about 100 billion won a year ($84 million) in revenue and has plans to expand its services into technology management as well as line and component maintenance.

Reference
http://m.mk.co.kr/news/amp/headline/2019/759982
https://cm.asiae.co.kr/article/2019092410074409136
https://www.iata.org/events/Pages/maintenance-cost-conference.aspx
http://www.stxaeroservice.com/