Existing problem: General aviation remains a fragmented industry. There is a substantial challenge to locate a reputable flight school or a small aircraft charter, especially while travelling overseas. Aircraft owners strive to unlock value and get connected to prospective renters. Private pilots look for flight sharing or time building to maintain their licenses up-to-date. Additionally, each aircraft owner has to keep maintenance logs for the airframe and engines, as well as pilots have to maintain flight logs to record their progressive experience. Till date, these logs are based on obsolete processes and mainly exist in paper form with manual signatures and stamps.
This leads to a less than optimal experience for many people involved.
Solution with Aeron: Aeron has a solution to this logging conundrum based on blockchain technology. It will enable an online system relying on Aeron Register, built on Ethereum blockchain to track aircraft and pilot log records. To bridge the information gap, Aeron has been building a decentralized, global small aircraft and flight school database and an online portal.
Such systems could be supported by smart contracts that contain log records, as well as execute rental deeds or charters for the aircraft, or cost sharing agreements between private pilots and passengers; combined with a sleek user interface to allow for engagement with the blockchain, and a defined protocol to ensure transactions occur in compliance with local regulations.
The future of aviation management: Aeron will work with national aviation authorities and international aviation agencies like EASA, to promote acceptance of the electronic log records based on blockchain, to demonstrate integrity, reliability and transparency of record keeping.
A smart phone application will ultimately replace obsolete paper records and would gain a global acceptance, enabling a single point of reference for private pilots, aircraft owners and operators, aviation enthusiasts and general public interested in aircraft charters, leisure flights and pilot training.
True “airline in a pocket” featuring integrity, reliability and easy validation. Make flying safer with the latest blockchain technology.