Honeywell Aerospace creates online parts marketplace with Hyperledger Fabric


        
        
            
                

                
                    


  
    
    
        
            
                
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                            Hyperledger Fabric
                            
                        
                    

                
                Honeywell Aerospace creates online parts marketplace with Hyperledger Fabric
 
                
                    Hyperledger Foundation
                    |
                    
                        Nov 14, 2019
                    
                

            

            
                
            

            
                Problem

Used aerospace parts are a $4 billion market, and growing. Yet less than 2.5% of all transactions were done online, mainly because the websites put up by vendors did not inspire much trust. With sketchy listings and no images, these sites forced buyers to phone, fax, or e-mail repeatedly—sometimes for weeks—to complete any purchase.

Solution

Honeywell Aerospace set out to streamline the sales of used aerospace parts with a modern and secure online marketplace called GoDirect Trade™. Buyers can now search listings complete with photos and full service documentation, then use a consumer-style shopping chart to check out. And every transaction is recorded on an immutable blockchain built with Hyperledger Fabric.

            

            
                
                    
                

                
                    
                        
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