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Boeing to Develop Blockchain Tracking Technology for Air Traffic

Cryptocurrency NewsJul 17, 2018 01:00PM ET
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Boeing to Develop Blockchain Tracking Technology for Air Traffic

Boeing (NYSE:BA), the world’s largest aerospace company, announced it has teamed up with the artificial intelligence company SparkCognition to develop AI and blockchain-based solutions for tracking of unmanned air crafts and air traffic control.

The two companies will work together and use artificial intelligence and blockchain to create solutions for tracking of drones and traffic management. They also plan to provide a standardized programming interface for solutions for package delivery, industrial inspection and other commercial applications.

Additionally, Boeing is setting up a new organization – Boeing NeXt that will leverage the company’s research and development activities in autonomous flights and advanced propulsion.

"Estimated by some analysts at $3 trillion, the urban aerial mobility opportunity will lead to the creation of the largest new market in our lifetimes," said Amir Husain, founder and CEO of SparkCognition. "The world's number one aviation leader partnering with the world's most innovative industrial AI company means that unparalleled experience in safety, innovation, scale, and reliability will be brought to bear to address this monumental opportunity."

"We're at a point in history where technological advances and societal trends are converging to demand bold solutions and a different way to travel," said Greg Hyslop, Boeing chief technology officer. "Boeing has the experience and expertise to safely and efficiently shape this emerging world of travel and transport. Through Boeing NeXt, we intend to build on our legacy of opening up new frontiers to move people and goods with proven technologies."

Previously Boeing’s HorizonX Ventures has participated in a SparkCognition $32 million funding round led by Verizon Ventures for the development of a cognitive, data-driven analytics platform for the safety, security and reliability of data technology.

SparkCognition is based in Texas and is specializing in cognitive computing analytics, developing AI-powered asset-protection software for the safety, security, and reliability of information technology. Among its clients are Fortune 100 companies who use its solutions for complex data analysis, decision making and transformation of productivity.

Boeing is one of the most recognizable names in the aerospace industry, mainly known for the production of passenger and cargo jets, military and space and security systems.


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Boeing to Develop Blockchain Tracking Technology for Air Traffic
 

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