COLOGNE, Germany–(BUSINESS WIRE)–#Aviation–The European Union Aviation Safety Agency (EASA) has awarded the contract to conduct a research project on assessing blockchain technologies for the management of approved aircraft parts and components to FPT Software Europe. The project, named VIRTUA (Digital Transformation – Case Studies for Aviation Safety Standards – Virtualisation), employs an alliance of organisations, including FPT Software, the International Air Transport Association (IATA), SkyThread, and PwC France. It aims to evaluate the blockchain capacity to improve the safety management processes used by aviation authorities, operators, and a variety of industry stakeholders.
The project will assess the benefits and constraints of blockchain implementation, considering the different stakeholders involved in the management of aircraft parts and components. It will investigate different types of blockchains and different use cases for their implementation along the li
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