What Is Avinoc (AVINOC)?
Avinoc stands for Aviation Network Operation Center. Avinoc is a blockchain solution that seeks to provide an integrated, decentralized, transparent, and permissionless database layer that facilitates information exchange for general aviation. According to its whitepaper of the asset, the main focus of the information exchange of Avinoc is on business aviation. Avinoc aims to develop a project called VOO that will create a digital marketplace for business aviation. This digital marketplace will facilitate all types of transactions and information exchange related to the aviation industry while resolving the problems that presently exist with the aviation industry, which includes:
Distributed information and communication management structure
Lack of proper technology that could streamline automation and digitalization
Lack of up-to-date information on fuel, flight capacity, crew etc., with platforms that connect airlines to customers, resulting in empty flight journeys
Problems with intermediaries; that connect operators to customers, takes place due to lack of information resulting in larger expense and more time spent for proper communication
Non-uniform systems result in complex infrastructure, which increases errors and costs while decreasing the speed of processes, thereby increasing pressure on the industry.
Thus, allowing Avinoc to automate and streamline the process of information exchange and transactions, making it less time-consuming and complex. Further, to ensure a proper and smooth functioning structure within this digital marketplace, Avinoc has introduced its cryptocurrency, the AVINOC token.
The AVINOC token acts as the fuel to power the Avinoc blockchain solution and is represented as an ERC-20 token. According to its website of the asset, the token allows everyone to participate and move around the aviation universe easily. Further, the token provides provision to the participants on Avinoc to create value and assets while allowing them to share it with the aviation universe. Besides these utilities, the AVINOC token is also used to carry out transactions within the aviation universe and support all other related operations on the Avinoc blockchain solution. This, in turn, allows Avinoc to develop an aviation ecosystem that simplifies information exchange and other business operations for the aviation industry.
History of Avinoc (AVINOC)
Avinoc started its journey as a business cloud and enterprise resource planning software for business aviation in 2008. Looking at the growth and simplification that blockchain provides, the development team at Avinoc decided to shift its service model to the blockchain platform in 2017. Since then, the organization has been functioning on blockchain technology to provide solutions for information exchange related to business aviation. Avinoc released its whitepaper on May 1, 2018. Further, Avinoc’s token reflects a maximum supply of one billiion AVINOC.
