Honeywell International's Honeywell 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. AerospaceHoneywell 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.
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.