AVINOC – the Aviation Network Operation Chain – or AVINOChain – is a platform for connecting all participants in the aviation and travel industry. It is a consistent, integrated and permissionless functional base data layer in the form of a Blockchain for the aviation industry. It can be used by all participants, like passengers, airlines, business aviation (BizAv) operators and all further edged suppliers to e.g. book flights and manage all processes within or between their organizations in an efficient way. AVINOC’s use of blockchain technology not only ensures transparency and security in transactions but also enables the tokenization of aviation services, allowing for a more flexible and seamless exchange of services within the industry.
Most Visited Cryptocurrencies
In July 2018, AVINOC launched an Initial Coin Offering (ICO) and airdrop, marking a significant step in its journey by securing funding and increasing its visibility within the cryptocurrency and blockchain communities. While most companies view loyalty programs as a business problem to be solved, AVINOC is seeking to redefine the ideas behind the concept of the ideal loyalty program. The real companies that stand behind AVINOC and develop a real product that itself generates sales also contribute to the company’s forward-looking and innovative image. Having its own token allows AVINOC to move freely in the aviation universe, create assets and values, conduct transactions and, most importantly, share them with the world. Dubai sought innovative startups with original and feasible use cases that could contribute to Dubai’s goal of becoming the first blockchain-powered city by 2020.
AVINOC is a think tank with the mission to positively change the entire aviation industry by introducing new technologies and crypto payment methods — in addition, to operate and manage according to ESG guidelines. June 2022 marked the launch of AVINOC’s first project, VOO, a testament to the company’s ongoing efforts to bring revolutionary changes to aviation processes and structures. This project underscored AVINOC’s commitment to achieving optimal utilization and significantly reducing costs in the aviation industry. AVINOC, standing for Aviation Network Operation Chain, has marked its presence in the aviation and blockchain industry through a series of significant events and milestones that underscore its commitment to revolutionizing aviation processes and structures.
Projects
- This predictive capability ensures that AVINOC remains at the forefront of technological advancements, driving revolutionary changes in how aviation and travel services are delivered and experienced.
- AVINOC successfully implements individual aviation projects, the first of which is VOO – the world’s first digital B2B marketplace to search, book, pay and manage private jet charter flights.
- Furthermore, AVINOC employs Knowledge Graphs for Predictive Aviation & Travel, enhancing the platform’s ability to forecast and adapt to the dynamic needs of the aviation industry.
- The real companies that stand behind AVINOC and develop a real product that itself generates sales also contribute to the company’s forward-looking and innovative image.
- Regular updates and maintenance are conducted to address vulnerabilities, patch security flaws, and improve overall system resilience against evolving cyber threats.
AVINOC is a tokenization company dedicated to integrating new technologies in aviation. One of the earliest key events for AVINOC was its participation in the Lufthansa SAP Challenge in 2018. This event highlighted AVINOC’s potential to innovate within the aviation sector by leveraging blockchain for operational efficiency. Following this, in 2019, AVINOC further demonstrated its capabilities at the Smart Dubai Blockchain Challenge, showcasing its vision on a global stage and emphasizing the role of blockchain in enhancing the interconnected customer journey in aviation.
Since its inception, AVINOC has aimed to streamline the daily business of the aviation industry, making it smooth and efficient through the use of blockchain technology. Integrated in VOO, the loyalty program (VOOmiles) and crypto payment (VOOpay) established the connection between blockchain-based services and the real economy. These latest tokenization projects are designed to erase the line between the real world and crypto, connecting them into one functional, transparent and highly secure ecosystem.
The platform’s design incorporates Knowledge Graphs for Predictive Aviation & Travel, aiming to enhance decision-making processes and operational efficiency through data analysis and predictive modeling. As the first tool to represent the company’s vision and to advance toward its goal, AVINOC has developed the groundbreaking project – VOO Marketplace. AVINOC’s vision for a new era in the aviation industry is supported by its innovative use of Knowledge Graphs for Predictive Aviation & Travel, aiming to make the interconnected customer journey a reality. Through these key events and milestones, AVINOC has demonstrated its dedication to revolutionizing the aviation industry by providing a consistent, integrated, and permissionless functional base data layer in the form of blockchain technology. AVINOC utilizes blockchain technology as its core foundation for security, leveraging the inherent benefits of decentralization and immutability to protect data and transactions within its ecosystem.
The future of aviation is digital
AVINOC successfully implements individual aviation projects, the first of which is VOO – the world’s first digital B2B marketplace to search, book, pay and manage private jet charter flights. In summary, AVINOC is utilized not only as a digital marketplace for private jet charters but also as a comprehensive tool for project management, staking, and predictive analytics within the aviation and travel industries. Its mission to integrate new technologies and create positive changes is evident in its multifunctional platform that promises a new era of efficiency and connectivity for all industry participants. The initiative behind AVINOC is to streamline the daily operations within the aviation sector, making them more efficient and cost-effective. By introducing a digital B2B marketplace for private jet charter flights named VOO, AVINOC has taken significant steps towards achieving this goal. This marketplace facilitates direct interactions between business aviation providers and their clients, bypassing traditional intermediaries and thereby reducing costs and increasing operational efficiency.
By employing an ERC-20 token, the AVINOC Token, the platform ensures a secure and standardized method for transactions, staking, and tokenization processes. This approach not only enhances the security of digital assets but also facilitates seamless integration with the broader Ethereum ecosystem, benefiting from its robust security features and widespread adoption. The world’s first digital marketplace to search, book, pay and manage your private jet. AVINOC, standing for Aviation Network Operation Chain, serves as a multifaceted platform aimed at revolutionizing the aviation and travel industries. Its primary application is within a digital B2B marketplace specifically designed for the chartering of private jets.
It is estimated that up to $24 trillion in financial assets will be stored on the blockchain by 2027, equivalent to 10% of the projected global GDP. Participants in the ecosystem can stake their tokens as a way to contribute to the network’s security and operations, while potentially earning rewards for their participation. This feature not only incentivizes engagement within the AVINOC ecosystem but also provides a mechanism for users to benefit financially from the platform’s growth and success.
Followed by updates on current developments of the VOO platform and further future visions for AVINOC, the presentation drew a lot of attention. Aviation is one of the fastest growing industries in the world, and it continues to expand. AVINOC addresses aviation as the industry of the future and uses blockchain technology, which offers a broad activity space with yet countless untapped opportunities for aviation, to target the challenges of the entire industry.
It’s a free reward program which allows you to accumulate miles and receive rewards such as cashback for each booked flight for a broker, margin premiums for an operator and for each VOOpay transaction you receive an AVINOC token as a bonus. In simple terms, the completed transactions will be rewarded with tokens returned to the wallet. AVINOC took place in the Safir Global Summit and its CEO Gernot Winter introduced to the exclusive SAFIR community the current status of its tokenization projects, along with the announcements for the coming year and presented AVINOC’s vision for 2023. Examples of other successful projects include accelerated airline reservations via blockchain, airline avinoc nomics tickets and jet fuel payment in cryptocurrency, entire charter management handling via blockchain and many more.