Skythread
About
SkyThread is a SaaS data sharing network designed to optimize serialized aircraft parts data flow across aviation stakeholders, including aircraft parts makers, airframe and engine assembly, landing systems, asset management, MRO aftermarket, MRO components repair and airlines. It is addressing the Aviation Supply Chain Integrity Coalition report on aircraft part authentication and tracking.
The company was founded 4 years ago by experienced industry professionals with experience in airframes, engines, interiors, Tier 1 OEM parts manufacture, aircraft parts aftermarket, MRO operations, Digital and airlines. SkyThread for Parts is the first solution launched by KLM Engineering and Parker Aerospace. Next up, SkyThread for Assets, SkyThread for Planes, SkyThread for Leases and SkyThread for People.
Solution Summary
Leveraging blockchain, SkyThread is building a federated data collection, validation and sharing environment for the aviation industry to track:
Planes and their history of configurations, maintenance events back to original manufacture of its aircraft parts and entry-into-service.
All the serialized parts on a plane and their provenance, including condition, status and time on wing, status and condition off wing, and maintenance history back to original manufacture and entry-into-service.
The technicians that work on planes and their parts, including their certification and training history and the locations of where maintenance is performed.
Benefits of adoption are increased when the solutions are embedded within the legacy ERP, MRO IT, EDI and other data solutions that inform emerging AI applications designed to -
Improve aircraft TAT on AOG and in MRO, improve supply chain visibility and integrity,
Reduce labour costs associated with parts research,
Reduce MRO costs through part status and condition reporting
Reduce MRO costs through visibility to part reliability history.
Improve spares planning and inventory management in the aftermarket
Asset owners will benefit from reduced efforts associated with documentation of the status and condition of the assets on lease return or sale.