Integrally bladed disks (blisks) are extensively used in military and commercial aircraft engines. There are inevitable deviations between blades called mistuning, leading to the vibration localization of blisks, which potentially results in high cycle fatigue (HCF). Furthermore, the dynamic performance is sensitive to mistuning patterns. Hence, to predict the vibration response of mistuned blisks accurately, the mistuning pattern needs to be identified experimentally and verified under traveling wave excitation (TWE). Piezoelectric TWE is a promising testing technique for blisk dynamics in a non-rotating state, offering advantages such as high excitation force, wide bandwidth, and a simple setup. However, piezoelectric materials are generally arranged on blades forming an electromechanically coupled structure, which challenges the existing mistuning identification methods. In this paper, an integral mistuning identification and model updating method with traveling wave excitation verification is developed. The detuning strategy is used to split natural frequencies of blades, whereupon the response is measured blade by blade. Measured response functions of isolated blades can be retrieved by data reconstruction. Then, the mistuning patterns of elastic modulus and damping ratio are identified by Kirchhoff-plate theory and half-power bandwidth method, respectively. Experimental studies are carried out to validate the method. A dummy blisk with piezoelectric patches is designed and the dynamic properties are calculated. Blade-by-blade measurement and TWE test are conducted. Results show that natural frequencies of the updated model are in excellent agreement with the measured ones. Under TWE, the deviations of natural frequencies for all blades are less than 0.25%. The response deviation of the updated model is decreased by 89.4% on average compared with the original model and the average response deviation of the updated model is 7.4%.