Honeywell International Inc., a publicly-traded company with an $80 billion market cap, previously announced a blockchain-based marketplace for plane parts. According to a recent interview with Cointelegraph, they may soon brainstorm recording your home'due south carbon footprint on a blockchain ledger as well.

DIY blockchain projection

In a Cointelegraph exclusive interview, Lisa Butters, general director of Honeywell'due south GoDirect Trade platform, noted that the company took an unorthodox approach to the adoption of this circuitous technology:

"Almost fourteen months ago, nosotros knew nothing about blockchain. Then, I discovered that nosotros take a modest grouping in India, about 6 developers working on incubating new engineering. That is how information technology started. All development was done in-house and nosotros have been deeply involved with the Hyperledger community ever since."

Paradoxically, although Honeywell'south GoDirect Trade platform is built on a permissioned Fabric blockchain, "anyone with a Gmail account tin sign up and purchase airplane parts", confirmed Butters.

Since their initial announcement in December 2022, Honeywell has besides been working with iTRACE on the authentication of "aerospace products via blockchain".

Your home's carbon footprint on the blockchain

Butters believes that blockchain applied science can be applied in many other areas equally well. Ane of those areas is carbon emissions. Butters explains:

"Honeywell must study carbon emissions for all of our facilities, we must do those calculations manually. In that location is an opportunity here. But it doesn't have to be just for corporations, it could be for your home, some basic calculations, whether it's electrical or diesel or gas. That is something nosotros are looking into".

'Walled-garden' approach to data needs to alter

Butters believes many corporate blockchain projects fail because they don't start with a clearly divers use-case:

"Showtime with a real problem you need to solve. For us, this was a lack of trust — this is a huge $4 billion industry where everything was being done offline because there was no trust between buyers and sellers. We saw this as a corking opportunity, the thought was to build something similar Carfax for our industry".

Butters also observes that for Corporate America to cover this technology, there needs to be a paradigm shift the mode information technology thinks about data:

"The technology makes sense. The reason why information technology hasn't get widely accepted is that Corporate America has a 'walled garden' approach to data — they need to start sharing data, a huge epitome shift".

Perhaps, the global crisis ushered past the coronavirus volition serve every bit a goad for change.