Aeron is a blockchain technology company focused on improving aviation safety.
Read our Aeron review today to find out how it works.
What Is Aeron?
Aeron is an aviation security blockchain technology company found online at Aeron.aero. The goal of the company is to create a global aviation registrar with a decentralized record system.
In other words, Aeron aims to bring the benefits of a decentralized ledger (a blockchain) to the world of global aviation.
The 10 page Aeron whitepaper describes how historically, “general aviation has been a fragmented industry.” Finding a reputable flight school or a good small aircraft charter can be challenging. Aircraft owners strive to unlock value and get connected to prospective renters, while private pilots look for flight sharing arrangements or time building to maintain their licenses. Aeron aims to bridge this information gap and make information freely available through a decentralized system.
In layman’s terms, Aeron is actively developing a decentralized, global small aircraft and flight school database and an online portal. They’re also creating a system for data logging – so private pilots no longer have to carry and present a heavy logbook folder, or lose an official record of flying hours, just because the paper records were misplaced or damaged.
Ultimately, Aeron sees modern aviation management systems as outdated and inefficient. They aim to fix that problem using blockchain technology. Aeron is creating an immutable database anyone can reference to verify crucial aircraft information.
Aeron doesn’t just want to improve efficiency in the world of aviation: they want to save lives by improving the accuracy of mechanical records and logbooks.
How Does Aeron Work?
Aeron’s core system is the decentralized database for global small aircraft and flight schools. That decentralized database is called the Aeron Register. It’s built on the Ethereum blockchain to track aircraft and pilot log records, as well as ARN, a utility token that enables the development of a thriving, self-sustaining ecosystem around the database and token holders.
The system, overall, is described as “airline in a pocket” and is designed with integrity, reliability, and easy validation in mind.
Once an aircraft or pilot’s log records are stored on the blockchain, they’re available for public audit and cannot be forged. Both authorities and passengers can be confident that a pilot actually has the experience he or she claims to have.
The system can also be applied to aircraft maintenance records and the tracking of spare parts. Aeron’s network can confirm that parts are authentic, or that maintenance has been performed according to the required standards.
Powering all of this is a smart contract system. Each Aeron smart contract contains various log records. Smart contracts also execute rental deeds or chargers for the aircraft, or execute cost sharing agreements between private pilots and their passengers.
One final key part of the Aeron ecosystem is the token: Aeron will use a utility token under the symbol ARN. You’ll need to spend ARN tokens for write access to the Aeron Register.
In the future, Aeron sees their token as a possible method of payment for small aircraft charters or promotional leisure flights. Aircraft owners can sign partnership arrangements with Aeron.
Ultimately, Aeron has a live working model today (you can view it at AeroTrips.com). However, it’s not based on the blockchain, and it only allows for traditional payments (no cryptocurrencies). In the short-term, they plan to move to a partially decentralized model before moving to a fully decentralized model with full cryptocurrency support.
Aeron Token Sale
Aeron will offer 60% of the fixed 100,000,000 supply of ARN for sale (60,000,000 ARN will be available for sale). The tokens will be sold in two stages, including a limited pre-sale and a public general sale. $0.50 USD will buy you 1 ARN. Bitcoin and ETH are the only accepted methods of payment.
The remaining tokens will be allocated for future development. 20% will be allocated for network growth to incentivize participation in the ecosystem. 18% will be retained for the development team. And 2% will cover administrative costs.
The Aeron crowdsale was announced on August 8. It’s scheduled to begin on September 1 (general sale), and scheduled to end on September 7. Development on the Aeron ecosystem is scheduled to begin in October.
Who’s Behind Aeron?
Aeron is led by CEO Artem Orange, who has 15+ years of experience in telecommunications and finance. He’s the former CO of two national cellular operators and a serial entrepreneur in high-tech industries.
Other key members of the Aeron team include Nadezhda Barkanova (CTO), an aircraft operation and air traffic management engineer with over 11 years of experience, specializing in full cycle of production aeronautical databases, flight crew training programs, flight sims, and computer-based training development.
Full details about the entire Aeron team are available online at the official website.
Aeron sees a crucial problem in the aviation industry: the existing aircraft record-keeping systems are outdated. Much of it is paper-based, and very little of it is transparent or immutable. Aeron aims to solve these problems with a distributed ledger – or a blockchain – based on Ethereum.
Aeron is preparing for its crowdsale over August and September. You can learn more about the aviation-oriented blockchain technology company by visiting the company online at Aeron.aero.