Aviation Market
One of the highest employer of labour globally is the aviation sector of the economy. Pre COVID-19 time, over 63 million jobs are provided directly and indirectly by this sector world over. With Tourism fast becoming the world largest industry, of which air transportation is a key component supporting this industry, activities within the Aviation sector needs be monitored closely for efficiency.
The United Nations estimates claimed young people in their 20s and 30s generate $180 billion annually in tourism revenue and the Aviation sector supports $892.4 billion within the tourism sector. Boeing, a major player within the Aviation sector projected world aviation fleet will double over a 20 year period between 2017 to 2037, from 21600 fleet, to 43,560 fleet, creating over 99.1 million jobs globally.
With space travel becoming a reality daily, and major players, including Elon Musk SpaceX making plans to make space tourism more fun, including putting Doge in space, this has the capacity to generate more revenue in the aviation sector.
Aeron token in Aviation sector
With over 100,000 daily flights, serving over 2 million people, safety is a major concern in the Aviation industry. The main cause of Air transport accident, from research is human factor.
“Accident related to air transportation average about 3302 yearly, mainly due to human factor"
---Aeron
Human factors identified as root cause of these accidents includes, but not limited to:
• Inexperienced Pilots;
• Forged flight log records;
• Corrupt practices in flight schools to help Pilots put in hours on paper;
• Under-reportage of flight hours by operators in order to save money on maintenance cost; and
• Database intrusion which includes modification and distortion of flight data.
Protection of data privacy managed by these airlines is also of utmost importance as it relates to passengers records, flight manifests, and crew information.
These problems identified can be easily solved with blockchain technology as it will provide transparent, less risky approach to managing and sharing these information.
Aeron Approach.
Aeron created a Smart Blockchain based solution on Ethereum ecosystem, called “airline in a pocket”. This blockchain has applications for Pilots and the Aviation companies.
Pilot Application
This application is available on mobile (iOS and Android). To start, the Pilot select 'new flight’, proceed to select the Aircraft, enters FROM and TO airfield codes and OUT time. This application will track location during flight and record the flight track. Once the flight is completed, IN time is logged. The record can then be submitted to blockchain, where it’s status can be viewed.
Company Application
The use cases of the Company Application includes:
• Receives data about completed flight from the server;
• Manage Aircraft bookings;
• Company can add other company services, which the Pilot can order through the application;
• Review and analysis of the historical data on blockchain for research purposes.
Consumer Application
Consumers can seek options for demo flights, check offers from local flight schools, access global flight database, book flights with cryptocurrency or fiat.
In a nutshell, the Pilot app is used by Pilots for personal flight logging, while the company app collects and verifies data from aircraft operators, maintenance organizations, flight schools and fixed base operators with all these information visible on the Blockchain. Aviation authorities can easily detect Pilots operating with an expired license. Data generated from the Blockchain can be access via a verified global database at aerotrips.com
Tokenomics
Aeron Token ticker is ARNX and it has a maximum supply of 182 million tokens with a circulating supply of 180 Million. ARNX is trading on HitBTC, Probit, and Mercatox centralized exchanges and also available on Binance DEX and Uniswap. The coin all time high price of $9.26 was recorded 2018 January and currently trades at $0.003
