Honeywell

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Basics

"Honeywell has developed a blockchain-based marketplace for used aerospace parts, a $4 billion industry full of expensive, specialized equipment and rigorous safety requirements. Honeywell’s GoDirect Trade platform collects information about aircraft parts over their entire life cycle and makes it available to potential buyers prior to the sale. Using a blockchain ledger allows Honeywell to securely aggregate this information from multiple, often competing, players. In its first year, GoDirect Trade processed more than $5 million in online transactions."

"The industrial conglomerate has transferred more than 2 million aviation quality documents to a blockchain ledger, making them fully accessible to its customer base. It also operates blockchain-based marketplace GoDirect Trade, which lists $4 billion in used aviation parts and has attracted more than 10,000 users."

Tech

 Roadmap

Usage

Competition

Pros and Cons

Team, investors, Partnerships, etc.

Team

  • Key Executive: Lisa Butters, Blockchain Product Applications Leader and General Manager of GoDirect Trade (2020 & 2021)

Investors

Partners