Proceedings of The 4th International Conference on Advanced Research in Supply Chain Management
Year: 2024
DOI:
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Blockchain based transactions between Indian Air Force and its Aerospace Defense Company
Amit Gaur, Aryan Shukla, Harkeerat Kaur
ABSTRACT:
The use of Blockchain technology in various fields like crypto currencies, supply chain, healthcare, finance has found widespread acceptance in general and has proven to be pioneering when implemented in Supply Chain industry. Various use cases where blockchain has brought various stakeholders in a large supply chain on a common platform and has ensured transparency and established trustless environment among them has been studied and implemented by multiple organizations. This is facilitated by having a shared distributed, immutable ledger which facilitates the process of recording transactions and tracking the assets as they move in a business network. In this work, we propose the application of Blockchain technology on the transactions between Indian Air Force (IAF) and its aerospace defense company Hindustan Aeronautics Limited (HAL). Various aircraft components move from IAF to HAL for repair and maintenance purposes and change hands as they move along the various departments involved in servicing and repairing those components. The proposed architecture of Blockchain based transactions between IAF and HAL would bring transparency, better security and establish a trustless environment among all the stakeholders involved and would also empower the stakeholders to optimize their working capabilities thereby saving the time for which an aircraft is on ground owing to want of an unserviceable component.
keywords: Blockchain, Hyperledger, Aircraft, Component, Tracking, Asset