Cryptocurrency & Blockchain Business

How blockchain could cut counterfeiting in the aerospace supply chain

Time delays, increased costs and risks to security are just a few of the outcomes that plague supply chain systems when faulty, counterfeit, or incorrect products are ordered or received.

The Innovation Programme partnered with Thales helps companies enforce new supply chain standards and increase mission assurance using blockchain technology.

Accenture’s blockchain solution provides an immutable audit trail proving hardware, software and documentation authenticity and compliance across supply chains. Using CryptoSeal and FPGA fingerprinting technology, the company is able to give materials in the supply chain a unique identity to prove authenticity.

Accenture says the ‘Proof of Value’ has the potential to revolutionise the supply chain systems. This combination of technologies allows security and transparency in tracking all kinds of transactions, between OEMs, suppliers, manufacturers and customers.

Source: Accenture

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