Blockchain Startup SkyThread Establishes Senior Advisory Board

A diverse set of aviation industry experts bring outside perspectives

Posted: October 21, 2021 at 7:00 a.m. CDT|Update: 1 hour ago

IRVINE, Calif., 21 October 2021 / PRNewswire / – SkyThread, a blockchain-based data network provider focused on empowering commercial aviation stakeholders, has established a Senior Advisory Board to provide an impartial outside perspective, in accordance with its strategic plan.

SkyThread has developed a federated and reliable recording system coupled with state-of-the-art validation logic that makes aircraft and parts life cycle data permanent and immutable.

“SkyThread’s mission is to free more $ 30 billion in value by rapidly accelerating error-free data exchange between participants, ”said Marc Roboff, co-founder and CEO of the company. “As a stakeholder-driven company, we recognize the value and importance of getting information from a diverse set of aviation industry experts who offer a different perspective.

“It is essential to have a sounding board that allows the company to access additional expertise, to test our own strategic thinking, to help identify potential obstacles and explore new opportunities”, a said Roboff.

SkyThread’s Senior Advisory Board members include:

• Sven Heitsch, former senior executive of Lufthansa, founder of AVIATAR and creator of the digital strategy of the Lufthansa Technik group.
• Edgar Jaufmann, former German aerospace executive – Airbus (Germany,) Diehl, and others.
• Mike stewart, former vice president of advanced engineering technologies at Honeywell.
• Guillaume Voss, former President and CEO of the Flight Safety Foundation and previously an FAA executive and director of the ICAO Air Navigation Bureau.

Voss said the COVID-19 pandemic has forced the aviation industry to rethink the way forward.

“The revitalization of the global aviation system presents a costly challenge for the industry and threatens to overwhelm regulators facing a tidal wave of transactions using paper systems and a depleted workforce,” said Voss. “Today’s emerging technologies have the potential to increase efficiency, confidence, and integrity. The need has never been greater. A stakeholder-driven approach like SkyThread’s is what is needed right now to accelerate the recovery of global aviation and create shared value. “

Jaufman, the former German aerospace executive, said blockchain technology and artificial intelligence provide opportunities to improve security, for example by providing an efficient and immutable registration system that validates certifications, authenticates spare parts and tracks data throughout the life of an aircraft.

“What makes this possible is that SkyThread’s registration system is compatible with existing IT systems and does not require any capital investment from aviation stakeholders such as airlines, donors. , aircraft manufacturers, regulators and suppliers, ”Jaufman said.

Stewart, formerly at Honeywell Advanced Technologies, said the aviation industry lacks consistency in information on aircraft history, flights and parts. “OEMs, aircraft owners and operators have their own data solutions or continue to manually record aircraft records. This is inherently inefficient for aircraft transactions such as purchasing parts and authenticating aircraft registrations. It also creates a safety risk of counterfeit or unapproved aircraft parts. introduced into the system.

“SkyThread is tackling this problem with its consensus, blockchain-based approach to error-free data exchange,” said Stewart. “There is currently an opportunity to implement a system in which all stakeholders work together to share data that needs to be shared, while protecting data that needs to remain proprietary. Turning this opportunity into reality is why I am happy to serve as an external advisor to SkyThread. “

About SkyThread
SkyThread is a blockchain data network provider focused on empowering commercial aviation stakeholders to unleash more $ 30 billion value by rapidly accelerating error-free data exchange between participants. The company has developed a federated and reliable recording system coupled with state-of-the-art validation logic that makes data permanent and immutable. We call this “Data for the Life of the Aircraft” authentication. The system is compatible with existing IT systems and does not require any capital investment from aviation stakeholders such as airlines, donors, aircraft manufacturers, regulators and suppliers. The rules for data exchange are governed by the Independent Data Consortium for Aviation, a neutral, consensus-driven consortium made up of various industry stakeholders, of which SkyThread is a member. Learn more at https://www.skythread.aero/

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SOURCE SkyThread Corporation

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