BLOCKCHAIN BASED TRANSACTIONS BETWEEN INDIAN AIR FORCE AND ITS AEROSPACE DEFENCE COMPANY

The use of Blockchain technology in various fields like cryptocurrencies, supply chain, healthcare, finance, etc has found widespread acceptance in general and has proven to be pioneering when implemented in the 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 a trustless environment among them have 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 project, we propose the application of Blockchain technology on the transactions between the Indian Air Force (IAF) and 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, and 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 the ground owing to want of an unserviceable component.