Startups
SkyThread is an aviation consortium and technology ecosystem to optimize data flow across aviation transactions, with critical focus to aircraft asset management, aftermarket, and MRO (maintenance, repair, and overhaul.)
Leveraging blockchain, SkyThread is building a federated system of record for the aviation industry to track:
1. Planes and their history of owners, configurations, and maintenance events back to original manufacture and entry-into-service.
2. All the parts on a plane and their provenance, including time on wing, time off wing, and maintenance history back to original manufacture and entry-into-service.
3. All the technicians that work on planes and their parts, including their certification and training history.
4. The locations of where maintenance is performed on planes.
These four elements, called "The 4Ps" (for #Planes, #Parts, #People, and #Places) form a core Utility Layer to the SkyThread ecosystem, for which 20+ consortium governed applications will drive upwards of $33B in yearly value to the aviation industry.
Leveraging blockchain, SkyThread is building a federated system of record for the aviation industry to track:
1. Planes and their history of owners, configurations, and maintenance events back to original manufacture and entry-into-service.
2. All the parts on a plane and their provenance, including time on wing, time off wing, and maintenance history back to original manufacture and entry-into-service.
3. All the technicians that work on planes and their parts, including their certification and training history.
4. The locations of where maintenance is performed on planes.
These four elements, called "The 4Ps" (for #Planes, #Parts, #People, and #Places) form a core Utility Layer to the SkyThread ecosystem, for which 20+ consortium governed applications will drive upwards of $33B in yearly value to the aviation industry.
Overview
Location
United States, California, Irvine
Employees
11-50
Founded date
2021
Mentions in press and media 4
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Oct 25, 2021 | Blockchain Startup SkyThread Establishes Senior Advisory Board | SkyThread, a blockchain-enabled data network provider focused on empowering commercial aviation stakeholders, has established a senior advisory board to provide an unbiased, outside perspective, in accordance with its strategic plan. SkyThr... |
| Oct 21, 2021 | Blockchain Startup SkyThread Establishes Senior Advisory Board | IRVINE, Calif., Oct. 21, 2021 /PRNewswire/ -- SkyThread, a blockchain-enabled data network provider focused on empowering commercial aviation stakeholders, has established a senior advisory board to provide an unbiased, outside perspective,... |
| Oct 7, 2021 | SAE International Partners with Blockchain Startups to Shape Global Aviation Industry’s Digital Future | “We are excited to partner with SkyThread to collaboratively support the aerospace industry’s digital transformation and help uncover new opportunities for Safety and efficiencies.” Raman Venkatesh, COO of SAE International WARRENDALE, Pa. ... |
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FAQ about SkyThread
When was SkyThread founded?
SkyThread was founded in 2021.
What has the press written about SkyThread?
Parsers VC has collected 4 articles mentioning SkyThread, among them “Blockchain Startup SkyThread Establishes Senior Advisory Board” (Oct 25, 2021) and “Blockchain Startup SkyThread Establishes Senior Advisory Board” (Oct 21, 2021).
Is SkyThread still active?
Yes, SkyThread is active; its latest activity on Parsers VC dates from Jan 17, 2022.