What Honeywell’s Ecommerce platform means for blockchain in aviation

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Honeywell recently announced the launch of its online buying and selling platform for new and used aircraft parts. Not only are online transactions in this space extremely rare, but Honeywell is also doing something even more uncommon: using blockchain technology. According to Lisa Butters, who leads the Honeywell Aerospace venture, “Currently, less than 2.5 percent of all transactions in this space are done online.” She continues: “We are the first marketplace to enable customized seller storefronts, and we are the first to leverage blockchain technology to build trust between the buyer and seller.”

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