Boeing NeXt is to work in partnership with outside companies as it looks to build unmanned vehicles.
There is an emerging autonomous market out there
Boeing’s Chief Technology Officer Greg Hyslop said Boeing had the expertise to safely and efficient shape the new technology.
“The development of these flying vehicles is going to to arrive in the next few years. Transport has to multi-modal”, said Hyslop.
He followed up with, “the idea is that there is an emerging autonomous market out there and that is why we are creating Boeing NeXt to solve the problems in developing that”.
Boeing teams up with artificial intelligence (AI) company
To continue the road ahead for new inventions, Boeing has teamed up with SparkCognition and artificial intelligence company. Boeing said the collaboration will use blockchain technology and AI to develop an air traffic management system that can track an unmanned vehicle as it flies. The system would also allocate traffic routes and corridors.
Amir Husain, founder and CEO of SparkCognition, said in a statement that urban aerial transport had been estimated as a USD 3 trillion market which represented the “largest new market in our lifetime”
The Boeing NeXt division will draw from resources across the organization and if successful could be hived off as a separate company. It will be led by Steve Nordlund who will continue in his role as vice president of Boeing HorizonX, the firm’s venture capital arm, Boeing said to CNBC news.