The blockchain technology is transforming the aviation sector and creates new revenue streams and models.

Although focusing on aircraft leasing this article demonstrates how this technology reduces errors, frauds, delays, silos and increases trust and automation thanks to smart contracts, data integrity and its distributed nature.

The idea that each aircraft could be one blockchain (permissioned) makes sense as it is an asset that has a complex lifecycle up to 50 years, different owners, huge paperwork and documentation, maintenance requirements, changing configurations, highly connected and performing “transactions” with authorities, airports, crews, users, OEM, suppliers other aircraft etc..