AVINOC The Blockchain Solution Disrupting the Global Aviation Business
June 27, 2018 6:42 am,
The Aviation Network Operation Chain, short: AVINOC will be a game changing platform for the global General Aviation (GA) business, using a ground-breaking concept and innovative technology. It aims to bring the power of decentralization and the speed of blockchain systems into the GA, especially into the Business Aviation (BizAv) sector and as a second step consequently into the Airline Business.
June 26th, 2018. Hong Kong. AVINOC is a consistent, integrated and permissionless base data layer for the worldwide coordination of business flight activities within general aviation. By its very nature, it is decentralized and completely transparent while protecting the privacy of both individuals and companies. AVINOC has been designed to achieve optimal resource utilization and reduce costs significantly as well as to try and eliminate all overhead. Its main goal is to overcome the shortcomings associated with current aviation businesses, such as opaque and complex processes, high costs for intermediaries and brokers as well as delayed flights.
Every AVINOC user possesses a local copy of all relevant data. This creates new opportunities for all parties involved. All the necessary information, including availability of staff, equipment and infrastructure, is visible to all stakeholders of the system as well as to third-party platforms and apps using AVINOC. Communication is largely simplified and kept to a minimum through enhanced peer-to-peer blockchain technology with point-to-point logic.
The days of manual order processing and information retrieval via e-mail, telephone or fax – currently considered to be “best practice” in the business aviation industry will come to an end. Going far beyond established technologies, AVINOC will allow for direct bookings and payment in the BizAv on a global scale by constantly making all relevant data available to the user. It’s 2018, but – believe it or not – it may still take more than eight hours of human labor to organize a single business flight.
AVINOC will change all that. For the very first-time, bookings of individual flights will be possible instantly and without any third-party involvement.
AVINOC will facilitate an optimized crew management, e.g. by paying salaries and fees directly, on time and across borders. It will support the ordering and payment of fuel globally as well as refueling in time to make business trips more economic. Using AVINOC will result in a significant process speed-up and cost reduction to the benefit of the customer and the supplier. What is more, AVINOCwill provide the basis for a complete automation of Business Aviation – particularly in view of the future of autonomous flying.
BizAv customers booking flights always pay for the entire aircraft, regardless of how many seats they will occupy. In addition, the customer has to pay for getting the aircraft to the departure airport and for flying it back home from the desired destination. Despite various attempts, no one has been able to solve this problem of empty flights (“empty legs”), until now.
AVINOC can, if desired, help passengers find fellow travelers to split the costs, globally and independently from any intermediary. Jet Sharing could play an important role in the future, especially for autonomous vehicles.
Due to the ever-increasing complexity of the coordination process, intermediaries such as brokers and their broker-portals have continually been raising prices at an alarming rate.
AVINOC will eliminate all those costs by completely forgoing the intermediaries. It will empower the customer and cut through the complexity.
AVINOC forms a superset of a Blockchain solution not only for BizAv but for the entire aviation business. Overcoming the highly complex BizAv structure will build a strong foundation for solving similar problems, only of lesser complexity prevalent in the Airline Business. Following the “Facebook Story” by first implementing AVINOC in BizAv, as Facebook did for universities, scheduled Airline and Charter Business will be the next logical step of AVINOC’s worldwide development.
Since the 1960’s, the organization of airline air travel has been steered by the same technology, even to this day. This system is generally known as the Global Distribution System (GDS). In this system, transactions are made between airlines and travel agencies that offer air travel to passengers. This market is dominated by three players worldwide. Apart from the GDS and as a more recent development, numerous price comparison and booking portals have emerged over the last two decades, separating airlines from customers and leading to a lack of transparency. Technical innovation is urgently needed to break this artificial overpriced system and to strengthen the airline market from the inside.
AVINOC creates new concepts to manage the General Aviation Business and provides innovative solutions for airline ticketing. Effortless direct booking, time saving and empowerment of the traveler through lower ticket prices, as well as cost reduction for airlines and operators, are the standards that we are setting for the future of the Aviation business.
The strength of AVINOC is based on its generic model and the internal payment system, the first incarnation of which will be an ERC-20 token published on Ethereum. The token is a utilization token and will be traded on exchanges and circulated globally. AVINOC token will be required for writing data into the blockchain and as a means of spam protection and process optimization. It will be used for payments within the system e.g. to pay for tickets, crews, fuel, airport fees, handling, ATC (air traffic control), maintenance and much more.
There is a fixed amount of 1 Billion token, 40% of which will be for sale for the general public. The issuing price of each token will be USD $0.05 at the token sale.
Visit the website: https://www.avinoc.com/
Read the Whitepaper:https://static.avinoc.cloud/downloads/AVINOC_Whitepaper_en.pdf
Chat on Telegram: https://t.me/AVINOC
Meet the team: https://www.linkedin.com/in/avinoc-ico/
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Name: Gernot Winter