AeroChain: Decentralized Air Travel Blockchain Protocol For Pilots, Planes?
What Is AeroChain?
Aerochain is a blockchain project for the aviation industry that focuses on the protection of the value of an aircraft by use of maintenance logbooks. Aerochain built a decentralized protocol for the storage of aviation data on a blockchain network.
The platform covers data for pilot certification, plane maintenance logs, and datasets that are vital in maintaining the safety of the skies. This was brought about by the availability of a huge amount of data that is essential in keeping traveling by air safe and reliable.
The platform brings a connection of the whole aviation industry from pilots to aircraft manufacturers and mechanics, through a trusted protocol. The platform aims at making the aviation market highly accessible in the entire world through technology.
The solutions that the platform offers bring about easier data management for players in the aviation industry. The platform provides a mechanism that allows multiple writers to make an update of a common data set while it is still very visible to everyone participating in the blockchain hence eliminate delays in transmission.
How AeroChain Air Travel Blockchain Protocol Works
Through the platform, if a blockchain-based logbook is updated, the current records are shared instantly with the available regulatory groups. Through blockchain technology, the logbook stored cannot be altered with or misplaced. Blockchain technology serves as the backbone of a marketplace for the insurance of a plane. Through the platform, pilots can easily arrange for charter clients.
The platform allows for the tracking of pilot hours since pilots are responsible for their own safety and that of the passengers. The platform gives pilots an opportunity to record their data on hours that their flight took and landing and takeoff cycles on blockchain for safekeeping so that licenses can be issued to them. The Federal Aviation Authority will use the data available on blockchain to rate the fitness of the pilots to take flights.
The platform enables tracking of plane maintenance whereby plane owners regularly perform safety checks and inspections on their planes in order to be certified with the Federal Aviation Authority. Records of the maintenance information can be safely kept on the crafts maintenance logbook on the platform and is protected from alteration by blockchain technology.
The platform's token is coming soon and will be used as a reward for those who participate and add value in the platforms ecosystem consisting of pilots and manufacturers. The token will also be used as the main currency in the platform. Holders will have an opportunity of safe data storage in the system.
Using blockchain technology, users of the platform can easily access the data that is stored on the system. The platform is open and users can easily participate in the ecosystem.
The platform ensures that the market of aviation is very accessible to everyone in the entire world. Everyone is allowed to participate in the platform regardless of their location as long as they have interest in the aviation industry.
The platform offers a record keeping forum for aviation industry data that utilizes the use of blockchain technology, which protects the data from being altered or misplaced. The data is highly encrypted and is only accessible to individuals with private keys.