The startup has developed a shared information platform that unifies aircraft records through the use of smart contracts, which monitor and certify all interactions with aircraft assets. This technology reduces the costs associated with aircraft redelivery and facilitates efficient novations of aircraft leases in the aviation industry.
Funding
$610K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The aviation industry faces challenges in managing and accessing aircraft records, which are often stored in disparate systems with varying indexing methods. This lack of a unified, global view of aircraft records leads to inefficiencies in aircraft transitions and increased costs associated with aircraft redelivery and lease novations.
Solution
Blockaviation offers a global registry for aircraft records, providing a centralized and standardized platform for managing aircraft lifecycle data. The registry integrates with existing records systems, allowing airlines and lessors to access services from a wider range of suppliers. By leveraging blockchain technology and smart contracts, Blockaviation ensures data integrity and facilitates secure, transparent interactions with aircraft assets, streamlining aircraft transitions and reducing operational costs. The platform's API enables seamless integration of aircraft records into existing applications.
Target Audience
The primary target audience includes airlines, aircraft lessors, and aviation authorities seeking to streamline aircraft records management and reduce costs associated with aircraft transitions.
Features
- Global registry for standardized aircraft records
- Integration with existing aircraft records systems
- Blockchain-based data integrity and security
- Smart contract automation for aircraft asset management
- API for integrating aircraft records into applications
- Facilitates efficient aircraft transitions and lease novations