The current process to buy and sell aviation parts and services relies on an outdated model of non-real time inventory listings, uncontrolled documentation, and manual bid/ask between the buyer and seller. Our business combines concepts from a traditional commercial aviation aftermarket supplier with advances in cloud and blockchain technology to streamline the purchasing and selling process. We believe through the use of automated resources and large ecommerce logistics partners, the process can become more efficient and transparent for the customer. In the near future, the use of blockchain for part traceability will become increasingly important. Two of the larger OEM part suppliers to commercial aircraft, General Electric and Honeywell are developing blockchain for all of their newly manufactured components and many more manufacturers are sure to follow. The worldwide commercial aircraft aftermarket parts market is projected to grow at a compounded annual growth rate (CAGR) of 6.6% to accumulate around USD 51.14 billion by the year 2026, according to the latest research available at Market Study Report LLC.
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Our Business
Our belief is the current model of selling aircraft parts is archaic and error prone. The search for the best price makes the industry opaque to the buyer. The best price, in fact, may not meet the buyer’s quality or condition requirements. Additional time has to be invested in the service bulletin status, airworthiness directive status, life remaining on the unit, shop used, data of tag and last certificated entity
