What is AVINOC?
AVINOC, or the Aviation Network Operation Chain, is a blockchain-based platform that aims to connect all participants in the aviation and travel industry. It serves as a consistent, integrated, and permissionless base data layer for the aviation industry, striving to optimize utilization and reduce costs. AVINOC is also a company that seeks to integrate new technologies in aviation, driving transformation throughout the industry. The platform uses its own ERC-20 token, the AVINOC Token, to facilitate transactions and operations within the ecosystem.
How does AVINOC work?
AVINOC works by providing a blockchain-based platform that aims to streamline processes within the aviation industry. It seeks to connect all participants, including passengers, airlines, business aviation operators, and other suppliers, enabling them to manage processes within or between their organizations efficiently. AVINOC also uses Knowledge Graphs for Predictive Aviation & Travel, aiming to make the interconnected customer journey a reality. The platform also implements individual aviation projects, such as VOO, a digital B2B marketplace for private jet charter flights.
What are the potential use cases for AVINOC?
AVINOC has a range of potential use cases within the aviation and travel industry. It aims to provide a platform for all industry participants to manage their processes efficiently. For instance, airlines and business aviation operators can use AVINOC to book flights and manage their operations. Passengers can also use the platform to book their flights. Additionally, AVINOC's tokenization services aim to connect the legacy system and the crypto-economy into a single functional and transparent ecosystem. The platform's first project, VOO, is a digital B2B marketplace for private jet charter flights, providing another use case for AVINOC.
What is the history of AVINOC?
The idea of AVINOC and its first white paper draft were written in 2018, with a vision to influence the entire aviation industry and implement blockchain for the first time. In July 2018, AVINOC distributed AVINOC tokens to community members and initiated a marketing campaign. The platform has participated in various challenges, including Lufthansa's "Changemaker Challenge" in 2019 and the Smart Dubai Blockchain Challenge 2019. In March 2020, the first lines of VOO code were written, marking a significant development in business aviation. AVINOC was added to a liquidity pool in the fourth quarter of 2021 and was listed on various platforms in early 2022. In June 2022, AVINOC launched its first real project, VOO.
