Boeing Uses Blockchain to Track and Sell $1 Billion in Aerospace Parts

Cointelegraph

Published Mar 08, 2020 11:47AM ET

Updated Mar 08, 2020 01:22PM ET

Boeing Uses Blockchain to Track and Sell $1 Billion in Aerospace Parts

Boeing (NYSE:BA) has partnered with multinational aerospace conglomerate Honeywell (NYSE:HON) to use its GoDirect platform to track and sell $1 billion worth of excess airplane parts using blockchain technology.

The partnership was revealed at the Hyperledger Global Forum 2020 in Arizona. Lisa Butters, the general manager of Honeywell, stated that the parts were uploaded to the GoDirect Trade marketplace last weekend.

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