“Together with Honeywell, we can now cost-effectively secure, track, trace and authenticate any part, anywhere in the world, creating the provenance for that part throughout its life cycle.” “We help companies solve the problem of securely connecting their physical parts to their blockchain digital ledgers with a iTRACE 2DMI™ mark that is laser-etched onto the identification plate, ranging in size from 0.1 mm by 0.1 mm to 5 mm by 5 mm,” said iTRACE founder and CEO Mark Manning. Like fans watching a football game in the stands, these users can look at the scoreboard to see the same data simultaneously. Each user that Honeywell allows has a copy of the database and knows its contents in real time. Honeywell’s blockchain is a highly secure, decentralized database that is crowd-sourced by all its authorized users. Our work with Honeywell PMT, SecureMarking and iTRACE is bringing new levels of security to the aviation industry.” “Our mission is to build the first aerospace marketplace that customers can confidently buy quality parts from.
#Itrace technologies verification#
“Honeywell is committed to enhancing part provenance and authenticity in aerospace part sales, and to provide transparency by storing digital verification records onto the blockchain ledger for all to see,” said Lisa Butters, general manager of Honeywell’s GoDirect Trade online marketplace. This data, along with the part’s birth information, is recorded on Honeywell’s digital blockchain ledger.īecause the two-factor authentication always follows the part from the time of installation until it is taken out of service, the results of this process are a reduction in counterfeit parts and a more dependable supply chain for manufacturers. Next, an invisible, high-security ink, provided by Honeywell’s Performance Materials and Technologies (PMT) business and SecureMarking, a third-party authentication company, is applied.įinally, the iTRACE mobile app scans the 2D matrix and activates the digital authenticity record for the part. First, iTRACE 2DMI™ data matrix is laser-etched onto the identification plate. Under the new process, the moment a part comes off the Honeywell assembly line, the identification plate receives a two-factor authentication marking.
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