Honeywell International 's aerospace division has racked up $ 2 m in sales so far this year on its cloud - backed online marketplace for used aircraft parts . GoDirect Trade offers secure , transparent transactions , while also significantly improving certification and origin verification capabilities . jet Aerospace is targeting $ 10 m in sales by the end of this year , and eventually aims to sell entire second - hand components on the site . The used aircraft parts market was valued at $ 5.4bn in 2016 , and is set to grow to $ 7.7bn by 2026 .
Honeywell International's Aerospace division has racked up $2m in sales so far this year on its blockchain-backed online marketplace for used aircraft parts. GoDirect Trade offers secure, transparent transactions, while also significantly reducing certification and origin verification times. Honeywell Aerospace is targeting $10m in sales by the end of this year, and eventually aims to sell entire second-hand aircraft on the site. The used aircraft parts market was valued at $5.4bn in 2018, and is set to grow to $7.7bn by 2026.