22 @ AEROSPACE
@ green | September-October , 2021
More than a pipe dream
A combination of disruptive space innovations , blockchain / libonomy , revolutionary processes and critical business considerations
BY ZULKIFLI AHMAD
SPACE , with no end in its vastness , but at the low earth orbiting sphere enables us to facilitate and enhance the related functions and services on earth . We go to space not only to explore and discover new worlds but to position ourselves to explore , study and improve our wonderful Mother Earth . Salient features of Green Aerospace :
• Disruptive technology and sustainability-driven from the drawing board , production to launching presenting industry ’ s and business ’ s best practices including undertaking global small satellite network or constellation .
• All-encompassing consideration of the business environment in full context to succeed .
• Sustainable , less costly , more costeffective and efficient . This article aims to look at Green
Aerospace as a holistic , efficient , nonwastage , multi-pronged perfect storm of cutting edge of the universe technologies , including libonomy with strategic planning and SWOT analysis acting as conduit and wealth of revolutionary knowledge .
Libonomy is the enhanced version of the blockchain , being a digital distributed ledger decentralised , immutable and highly secured . Nearly all aspects are attributed to ‘ green ’. Problems and issues current or future plaguing the industry identified and potential suggestions for resolutions .
The revelations , postulations and suggestions here will continue to positively resonate as a quasi ‘ blueprint ’ even if the Green Aerospace complex is yet to be built . But that does not stop the Green Aerospace digital industrial complex from making its actual existence .
Considering the situation during the pandemic and beyond , there needs to be a global critical redesign for crucial progress . Key performance areas for efficacious Green Aerospace are as follows :
Business environment and considerations
It is imperative to note the disruptiveness of six global megatrends of impactful technology , demographic change , rapid urbanisation , economic power shift , climate change and resource scarcity to make long term goals and prepare for open talent economy . Green Aerospace sees the evolution and coining of Greenwave of Things ( goT ).
There is a need to study the industry ’ s strengths , weaknesses , opportunities , and threats ( SWOT analysis ), paving the way for strategic planning to avoid egregiously costly mistakes . Getting it wrong can be truly expensive .
Reduce long-term product cycle , which the aerospace industry is known for . Due to new technology and intense competition , Green Aerospace is compelled to see opportunity and push for faster , wiser , and less costly innovation . However , highly innovative startups face slow moving aviation certification , regulations , and international standards as obstacles .
With the multifold increase in the use of online communications and the advent of IoT , there are more opportunities for sharing and giving knowledge . The players are interconnected and interdependent .
This will naturally give rise to collaboration and the possible global network or constellation of small satellites . Ideally ,