Walkout Commentary: The U.S. Patent and Trademark Office (USPTO) yesterday issued 5 patent applications filed by General Electric, indicating that US conglomerates may apply blockchain technology to a wider range of aircraft monitoring and maintenance systems. Prior to that, Air France also revealed that it is studying the blockchain repair process used to track aircraft, and using blockchain technology to support a shared database of updated information.
General Electric's newly filed patent application shows that US conglomerates may apply blockchain technology to one aspect of the broader aircraft monitoring and maintenance system.
The U.S. Patent and Trademark Office (USPTO) yesterday issued 5 patent applications filed by General Electric, each of which is based on the concept of a "dynamic optimization" system that covers many aspects of aircraft management and operations, including maintenance services .
The application documents show that an integral part of the system is the mechanism of the parties involved in the aircraft monitoring process. Although they also noticed that these entities typically receive payments through traditional financial channels, they consider some applications of cryptocurrencies or blockchains to replace traditional channels and facilitate such payments.
Application documents pointed out:
"Deliveries of funding flows between stakeholders undoubtedly transfer traditional debit and credit into financial accounts and can be implemented with the core logic of cryptocurrency mechanisms that precisely distribute cash flows." However, they are not applying Mention this technology.
Given the progress made by some of the best-known airlines in this area in the past, it may not be surprising that GE may research it. Earlier this year, Air France revealed that it is investigating the repair process used by blockchain to track aircraft, and its philosophy is to use this technology to support shared databases for updating information.
Given the progress made by some of the best-known airlines in this area in the past, it may not be surprising that GE may research it. Earlier this year, Air France revealed that it is investigating the repair process used by blockchain to track aircraft, and its philosophy is to use this technology to support shared databases for updating information.
No comments:
Post a Comment