Block Aero has won multiple awards from Singapore-based aerospace companies Rolls-Royce and ST Engineering, with the opportunity to launch pilot projects to demonstrate how blockchain technology can be used to manage complex MRO processes.
Block Aero won the Rolls-Royce Blockchain Innovation Challenge, facilitated by Padang & Co who vetted the source code of all competition entrants for technical quality and potential for scalability. Over 50+ applicants competed for the grand prize, a chance to execute a proof-of-concept project with Rolls-Royce & Singapore Airlines Engineering Company (SIAEC).
Block Aero presented its solution alongside five finalists at a pitch day on 1 November 2019. After an intense afternoon of presentations, product demos and deliberations, the judging panel consisting of executives from RR, SIAEC, and Enterprise Singapore, selected Block Aero as the winner of the Challenge.
Less than two weeks later, Block Aero participated at SLINGSHOT 2019. Taking place on 11-13 November, SLINGSHOT invited the global top 100 deep tech startup companies to participate and present their ideas and products in front of some of Asia’s biggest corporations.
Block Aero won the ST Engineering Award at SLINGSHOT, which will see Block Aero work with Innosparks, the open innovation lab of ST Engineering, in a three-month ‘mini-incubation’ to explore opportunities for collaboration with their aerospace sector.
Block Aero Founder & CEO, Todd Siena, said, “Singapore is a truly dynamic city with vibrant technology and aerospace ecosystems. Block Aero is honored to have received recognition by such globally renowned and well-respected brands, and we’re excited for the opportunity to work together with them, exploring how blockchain and open innovation will lead the aviation industry to a fully digital future.”
Block Aero is an award-winning blockchain platform that allows organizations across the aviation supply chain to take control of their data, operations and collaborative workflows. We help organizations lower the cost of business, reduce turnaround times and explore new revenue streams.