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AVINOC: What is AVINOC? The original name is Aviation Network Operation Chain. It is a platform for the global General Aviation (GA) business, using a new concept and innovative Blockchain 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.
Hong Kong. To put it simple: AVINOC brings passengers, airlines, air traffic control, and travel agencies together. Which means that classical old-school booking companies like checkfelix.com or expedia.com will in future lose some of much of their business. Blockchain technology allows for direct link between players: AVINOC cuts out the middleman, the intermediary which used to bring passengers and airlines together when it comes to flight bookings. And also other services can be provided: booking can be much easier done for groups in future: you would know better who is travelling where, and can bring friends together on the platform, like circles.
Blockchain technology enables that we can get in touch with our airline provider similar to WhatsApp: simple, easy and with much better faster services.
AVINOC is a platform 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. 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.
Thus AVINOC will also reduce a lot of empty flights! Planes with no passengers on board shall be avoided, air carriers will be filled, more better standby-options will be offered. Which will ensure that flights are more efficiently used making them cheaper to the end customers like tourists or business people. Second interesting aspect is that by reducing empty flights also fuel consumption will substantially be reduced, which is beneficial to the environment and reduces greenhouse gas emission.
The days of manual order processing and information retrieval via e-mail, telephone or fax – currently considered to be “best practice” especially 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, AVINOC will provide the basis for a complete automation of Business Aviation – particularly in view of the future of autonomous flying.
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 restrengthen 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.
AVINOC is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
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