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There is a plethora of data to suggest that despite the macroeconomic slowdown induced by the COVID-19 pandemic, the space and aerospace industries have been on a trajectory of rapid evolution — powered largely by technological innovation as well as a surge in global demand. In fact, during 2023 alone, these sectors exhibited robust growth, notably in terms of their respective workforce demand, both in the United States and internationally.
As per a KPMG report, their revenue outlook remains bullish, driven largely by the increasing adoption of future-ready technologies like blockchain, geopolitical events like the Ukraine conflict, and escalating customer demand. Similarly, a recent Deloitte survey also notes that 88% of senior aerospace and defense industry executives hold a positive outlook for the industry. Their optimism is fueled by a growing interest in decentralized systems and other emerging segments, such as advanced air mobility (AAM) modules and digital smart factories.
Amidst these dynamic changes, blockchain technology has emerged as a key driver of efficiency and transparency. For instance, it is revolutionizing maintenance, finance, and workforce management. By offering a decentralized and immutable ledger, it helps establish a digital ‘birth certificate’ for aircraft parts, enabling real-time tracking of an aircraft’s condition and maintenance history. This technology not only enhances predictive maintenance and workforce accountability but also transforms leasing and insurance processes prevalent industry-wide.
A new era in space and aerospace navigation
At the forefront of the digital revolution permeating the space and aerospace industries is JELLYSPACE, a Berlin-based start-up poised to redefine the supply chain management landscape within these sectors. JELLYSPACE’s pioneering Platform as a Service (PaaS) and Artificial
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Author: CryptoDaily
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