What Is Aeron (ARNX)?
Aeron is a decentralized blockchain platform that seeks to provide needed transparency to the aviation industry and its customers. The network was first conceptualized in August 2016 to enhance aviation safety. This blockchain-backed currency aims to store and verify vital data like flight log records, aircraft maintenance data, and pilot experience records.
The asset aims to play a vital role in the modern world as millions of people opt to travel by flight every year. The aviation industry provides thousands of people with jobs and is rapidly becoming one of the most growing industries. Despite all of that, the industry still faces backlash due to its safety concerns. Moreover, air-related accidents are increasing every year. These accidents are often caused due to human-centric errors as inexperienced pilots, with help from flight schools, use fake documents to get into the industry. Also, the flight operator underreports the flight hours to save the aircraft's maintenance cost. The whitepaper suggests that the currency seeks to solve these issues with the help of blockchain technology.
The network aims to prevent fatal air accidents by removing the scope of distorted or forged flight data by putting these data on the blockchain. Due to blockchain's decentralized and immutable nature, flight operators or pilots can't manipulate the recorded data on the blockchain.
Aeron has three innovative products through which Aeron seeks to solve the underlying issue with the aviation industry:
ARNX is an ERC20 token of the Aeron ecosystem; ERC20 is a token standard of Ethereum. The ticker of the token is ARNX. These tokens are allocated to aim to empower marketing activities and loyalty programs.
History of Aeron (ARNX)
Aeron launched its first token sale in 2017. The network swapped the older token with a new ARNX token in 2020. The maximum total supply is 200,000,000 ARNX coins.
