GoDirect Trade Delivering E-Commerce in the Aircraft Parts Market
Honeywell manufactures and repairs thousands of aerospace parts each day, and estimates the market for used aircraft parts to be worth US$4 billion annually. The company launched GoDirect Trade, an online marketplace for aircraft parts, 18 months ago to provide repair shops, airlines, and aircraft parts manufacturers with an e-commerce platform; typically, aircraft parts are bought and sold over the phone or via email and often supplied lacking all the relevant background information.
GoDirect Trade is not only an online marketplace. It also provides, thanks to the use of blockchain technologies, an information chain covering information about the part plus all associated information, including the work previously carried out on the part (and where), pricing information, and U.S. Federal Aviation Administration (FAA) certificates.
Simplifying transactions, providing pricing transparency, and End-to-End (E2E) record keeping will provide the airline industry with a quicker method for acquiring parts allied with confidence that the parts will meet sa…
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