hey everybody Mark Schulz here today
and I wanted to bring some really
interesting information to you and I
have some special guests here again for
a fourth time and it's Stefan Fölser 
and Michael Shea
hi guys how are you today hey Mark I'm
fine and you
very good hey these guys are with a
company called a wings all right hey
Stefan can you tell me who earrings is
and what's this company all about sure
sevilla company in syria in austria
vienna founded 2017 after couple of
years of research and study technology
and we have a big vision we're building
a decent west platform which shall
enable the industry to share seamlessly
they're talking about they will talk
about digital take between exchange that
does it access and this is without
having an intermediary and this shall
save time and that's our vision
excellent excellent
hey you know block team is a buzzword
you know in the industry today some
people understand it some people don't
understand it you know and when they say
they understand it it might be an
understanding of the technology it might
be an understanding of the business
application but absolutely there's
definitely some confusion out there in
the industry surrounding blockchain
technology and it's real application
Stephan and Michael are here today just
to give us a little bit of a snippet and
how to unwind that a little bit I'm
gonna ask you guys some questions and
see if we can't you know just take a
little bit closer look at this here is
that you know what are the challenges
facing the MRO sector in digitalization
Stefan if you could start there yeah I
choose the positive question back to you
actually humor must be currently so we
can do that together or at least are
perfect I think the the problem is is
first of all to human technologies there
and then their mindsets I think keeping
us away in just doing it and of course
their business opportunities
totally let your team etc but I think
the most hindering thing is our mindset
definitely within the industry so there
are mindsets out there know the
authority statement don't want to have
this and things like that because we
need to have stamp and things like that
which a thing is not true anymore if you
talk about the way you stand what
monsters we think they want to have a
habit so we can be fair as I recently we
presented somewhat change stuff there
and to be honest they want they want
this so they did the worst of this so I
think mindsets are changing right now
it's just about us
just just yeah I definitely would agree
with you i i i always say that belief is
the beginning of the journey for digital
transformation and really the mindset of
moving in that direction is really a
super important part of that but you
know paper still plays an enormous role
in the MRO sector you know really what
new technologies and innovations are out
there you know they can change that
Michael can you help us with that
well really mark what it is is that the
paper that's still very very central to
the processes that exist within the MRO
sector is a great limiting factor it's a
great gating factor that's preventing
innovation happening in the in the
sector and that's because even if you
have processes or operational processes
that take that paper and scan it back
into a PDF or some sort of OCR process
not having the actual data of all of
those certificates and associated
documentation limits a great amount of
innovation whether it's around machine
learning whether it's around artificial
intelligence whether it's a reinvention
collection of data there's an enormous
potential trapped in all that
documentation that right now is very
very hard to get out of and move it back
across the industry sector to be able to
share within the stakeholders whether
that's the operator DMR o lesser
Efrain men you know that Oh II am the
Airbus's of the bowings or their
different suppliers it's very hard to
move information so this is by keeping
everything in paper that's the the
handcuffs that the industry is keeping
itself in yeah I really agree with that
you know I've shared with you guys
before is it last year I traveled four
hundred eighty thousand miles I was in a
hundred cities in the thirty countries
all right and the purpose for that was
to meet with different companies about
what they're doing as far as their
digital journey was concerned right and
my estimation is is that about 90 95
percent of the people out there are
still primarily using papers so in the
aviation industry we have a long ways to
go and you guys are gonna make some
really big strides here in helping the
industry to move forward so let me let
me just go to the one of the next
questions here for you Michael is is it
you know what are the business
opportunities that are being missed you
know what what are we missing right now
out there well I think some of the
opportunities is there's probably
several factors one there's some of them
are more operational some that are more
well they're all operational first is
around you're taking that very valuable
resource of a technician and you're
having them deal with administrative
paperwork forms which really today
there's very very little excuse to be
continuing to do that getting this done
to electronic forms even in a digital
transformation where things are signed
off electronically all of this
information is key to getting these
people these valuable resources that are
stuck doing jobs that are not keeping
aircraft in the air right it's and when
the industry looks at it with the number
of technicians that are hitting retire
all ages and the projected growth in the
airline industry and commercial air
traffic industry there is a real
opportunity here
to move this beyond get them get the
technicians doing what they're supposed
to be doing that's keeping aircraft
getting aircraft in the air not filling
out paperwork that's just one of the
areas of the business opportunities here
yep I think we're missing opportunities
there are so many more there we could
take so much more time to talk about
them but hey Stefan let me come back to
you for our last question here today is
it I want to ask you is it
how does blockchain and digital
technology you know make these things
possible how does it all factor into it
yeah based on the nature of watching
technology and digital identity together
this will allow us to make it happen one
of one is a previous topic what I
discussed moving from locking in power
at the pass for the blocking paradigm to
shift a little bit key infrastructure
which is making our environment work
secure than ever before so this will
enable us and at the same time it will
allow us to give let's say physically
things like like parts to give him a
digital unalterable identity and that's
then you know end-to-end encryption so
if you just do the blockchain
on the computer then there is something
missing so how to you know link the
physical objective real good with the
digital environment so this this
question is answered and it helps us to
automate all the process between our
English yeah so you know I think this
subject of digital identity and
blockchain you know can be really
confusing to people like I've said
before and Michael and Stefan are
dedicated they're just they're
enthusiastic about sharing their
knowledge with the industry on how do we
decode this really how do we understand
digitalization and blockchain technology
and its business application and the
business value and how we make money off
of it you know within the industry you
know how do we reduce cost and optimize
optimize within the industry what
they're doing also is they're offering a
free webinar coming up on Wednesday July
24
where they're going to have a more
discussion about this and really how you
can implement this kind of technology
within your organization and to be able
to really make a difference in moving
forward further and faster with your
digital transformation on Wednesday July
24th at 1500 Central European Time 9:00
a.m. Eastern they're going to do the
first one on that day they're also going
to do a second one at 1,800 Central
European 12:00 noon Eastern Daylight
Time 9:00 a.m. Pacific time and on that
webinar that free webinar you're going
to get a lot of value from that and
you're going to learn and understand
more about digitalization and blockchain
technology and how it's being applied to
the MRO you know industry as a whole so
I want to invite you to join in that
down below this video there's going to
be a link that you can click and you can
sign up for that webinar you're not
going to want to miss this because it's
free information free education and who
can't turn that down hey Stefan and
Michael um thanks for your time today
and we're looking forward to that
webinar on July 24
