On 8th March 2014, Malaysia Airlines Flight 270 (MH370) disappeared from the radar, never to be found again. The black box (a device which records data and tells what went wrong inside the airplane) and the cockpit voice recorder were never found. The search for MH370 was the most expensive aviation hunt in the industry, costing a staggering $114 million.
Even though accidents do not occur that frequently, they still do happen and are usually mostly devastating. It is important to recover the data for both Aviation and Maritime industries to prevent similar accidents from recurring. Following the MH370 crash, a proposal to store data on ground was made, but due to a huge backlash from the pilot association, the idea was scrapped.
Similar problems exist within the Maritime industry, which is actually more prone to accidents. In 2017, over 2000 cases of maritime accidents were registered. However, crucial data is often swallowed up due to the vastness and depth of the oceans which prevents retrieval.
A Singapore-based company, BlocBox, has found a middle ground which uses Blockchain to store the vital information captured onboard by existing data recorders. The proposed solution would encrypt and transmit recorded data over onto a proprietary blockchain protocol via satellite infrastructure. An artificial intelligence algorithm will support the platform by autonomously identify stress levels experienced by crew members and transcribe voice recordings for relevant stakeholders.
“We strongly believe there’s a better way, a better approach to transportation safety,” says Kenny Koh, CEO of BlocBox. “The appropriate use of blockchain technology and data analytics will bring forth a paradigm shift in these industries. With BlocBox, we will be overcoming the current limitations of safety instruments, and further, creating a precedent that will truly be revolutionary.”
BlocBox uses a device specifically designed to compress and encrypt real-time data which is transmitted via satellites to the blockchain. Only the owner (corporation) of the data has access to it and can choose to share it with other users. Blockchain ensures the data is not tampered with and also allows for real-time access.
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