London, United Kingdom, August 11, 2017, The aviation industry mostly relies on outdated legacy record keeping systems. This has caused numerous issues, that many of the flying public are not aware of. All segments of the industry are affected, such as: Commercial Aviation, Private Aviation, Aviation Rentals, etc. True stories abound about pilots and flight instructors faking records and logbook entries. Aeron has developed a system called "Aeron Register" which eliminates the possibility of falsifying records. Aeron Register would become a comprehensive online system and a global database built around Ethereum's distributed ledger technology (blockchain).
Existing aviation authorities (like FAA and EASA) have little means of checking the records integrity, that's why Aeron has decided to develop a decentralized solution based on blockchain technology, which will solve this problem and make aviation safer. Aeron believes that aviation safety is closely related to record integrity. Once the log records are stored in blockchain, available for public audit and can't be forged, both authorities and passengers can be confident that a pilot actually has the experience claimed. Taking this a step further, the same system can be applied to aircraft maintenance records and tracking of spare parts, to confirm that spare parts are authentic, and maintenance has been performed according to standards.
The system will use the ARN utility token (the token sale will start on September 1, 2017, with limited pre-sale available now) and a global smart phone application. This will ultimately replace obsolete paper log records and would gain global acceptance, creating a single point of reference for licensed private pilots, aircraft owners and operators, aviation enthusiasts and other stakeholders interested in aircraft charters, leisure flights and pilot training. Aeron will work with national aviation authorities and international agencies to promote acceptance of the electronic log records based on blockchain, as well as to demonstrate integrity, reliability and transparency of record keeping.
Aeron tokens would also have real-world applications, as it could be envisaged as a means of payment for small aircraft charters or promotional leisure flights, with aircraft owners having signed up for partnership arrangements with Aeron. Because Aeron token is built on the ERC20 token standard, it allows for simple integration into users' wallets and is freely tradeable. It is possible that Aeron tokens could also be added to cryptocurrency exchanges.
Concerned aviation travelers and stakeholders can improve flight safety by supporting the Aeron project and help to make a successful token sale, which will allow Aeron to finalise the development of blockchain logbooks solution and legalise it in aviation authorities. Just share this press release amongst friends and colleagues to inform people about the existing problem and a possible brilliant solution.
For complete information, please visit:
https://aeron.aero/Website:
www.aeron.aero/
