The aviation industry has come a long way since its early day of the Wright Brothers. There are now better safety standards and streamlined processes, as opposed to a decade ago. While applauding the remarkable progress that has happened in the last few years, it is expedient to recognize some of the challenges that still face the industry.
One of the primary concerns of the industry is safety. Despite the fact that there are over 100,000 flights transporting over 2 million people every day, there is an estimated air-related accident rate of about 3300 annually. Human error is one of the major causes of these accidents.
Dissecting the problem further, these human factors can be caused by anything from an inexperienced pilot to manipulated flight log records or underreporting of flight hours, thus delaying maintenance, with the aim of lowering the cost required to maintain aircrafts.
In addition to the human factor, the proliferation of technology which has helped shape the aviation industry has also introduced another form of problem – data. The airline industry has to manage a lot of data from passenger manifest to crew information and craft information. Considering the amount of that being collated daily, anything could go wrong at any point in time; from theft to database intrusion, or distortion of data. It is, therefore, necessary to maintain the integrity of data while ensuring it is safe and secured. And this is where a blockchain solution comes in.
Aeronwhich claims to be “the new standard of aviation safety” is working towards eliminating the problem of falsification of data in the aviation industry. They are creating an easy-to-use and mobile platform that allows all the parties in the industry have access to associated verified flight data.
Their solution is targeted at three classes of players – pilots, consumers, and aircraft companies.
Pilots can log in their flight details, which will remain immutable and transparent. Consumers will have access to a verified global database of flights. Aviation companies can verify data from flight operators and maintenance organizations. Quoting Aeron’s whitepaper, they noted that:
“In case of any mismatch in data between any Aeron data source with either the ATC,pilot,or operator, aviation authorities can quickly detect and eliminate the problem. Aviation authorities can also detect any pilots operating with an expired license.”
Aeron has a robust team comprising of 10 core team members and 6 advisors. The CEO Artem Orange has vast experience working in telecoms and finance. He is an aviation enthusiast as well as a Chartered Financial Analyst. In general, the team comprises of certified pilots, aviation engineers, and experienced developers.
Aeron has been around since May 2016, even though they have been one of the silent movers. In barely over 2 years of operations, they have recorded some remarkable feats such as developing their consumer portal, building a flight management and fixed based operator database, and integration of their solution with blockchain, amongst others. Between January and June 2019, they hope to have integrated the Aeron salesforce, roll out their membership program, and launch their big data research. In the nearest future, they hope to collaborate with SpaceX, Uber, and Google flying cars pilot programs.