Honeywell Promotes Efficiencies of Blockchain
Honeywell's GoDirect Trade parts marketplace has expanded as customers see efficiencies through blockchain technology.

Honeywell, which initially implemented blockchain technology through its GoDirect Trade aircraft parts marketplace in 2018, has seen the use of that technology take root with more than 2,700 companies and 7,000 users on the platform and more than $8 million transactions processed. GoDirect Trade is an online platform for buying and selling parts, now hosting more than 80 storefronts. Honeywell’s “digital blockchain ledger” has served as a key enabler of the platform, providing customers an easy way to access scattered data with speed and efficiency not previously available.