The Aventus Supply Chain Solution Illustrates How Blockchain is Revolutionizing the Aviation Sector.
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A recent report from Aventus in collaboration with Airport Perishables Handling reveals that airlines can realize a significant 7% decrease in their cargo handling costs by embracing Web3 technologies.
Alisa Davidson April 30, 2025 In partnership with Airport Perishables Handling at Heathrow Airport, they have released a Know More titled 'Web3 Takes Flight in Aviation: 2024 Aviation Supply Chain Outlook Report,' highlighting the potential for airlines to cut cargo handling costs by 7% through Web3 innovations, among other significant insights.
Moreover, the tools currently used for managing global Unit Load Devices (ULDs) haven't seen upgrades since the 1990s and mostly rely on outdated manual data entry practices. This has resulted in serious issues related to data visibility and precision, secure information sharing, as well as expensive losses, damages, and delays, costing airlines over $1.6 billion annually.
On the other hand, Web3 leverages blockchain technology to offer robust solutions to the problems traditional ULD management faces. It can create unchangeable, secure records that establish a single source of truth, helping to resolve discrepancies and improve adherence to regulations. Furthermore, it lowers administrative costs and reduces mistakes by automating manual tasks with self-executing smart contracts. Additionally, Web3 grants real-time insights into ULD locations, who is responsible for them, and their condition, while facilitating efficient data sharing that helps airlines enhance their operations.
Aventus's Solution to Boost Data Clarity, Precision, and Operational Efficiency in Cargo Handling.
The Aventus study underscored that its comprehensive, blockchain-driven cargo handling system significantly improves data visibility, accuracy, and efficiency across the sector. Specifically, it cuts down communication errors by 90% due to digitized data collection, diminishes manual document processing by 83%, and halves the time taken for ULD stock updates from 3-4 hours to just 30 minutes, enabling timely decision-making. Additionally, it leads to a 28% reduction in loading times by refining ULD loading procedures.
"These findings are absolutely fantastic, highlighting the game-changing possibilities of blockchain for not just the aviation sector but for supply chains around the world,\" stated Alan Vey, Founder of Aventus, in a written statement. \"We're excited to empower businesses to enhance data accuracy, diminish operational bottlenecks, and achieve clearer transparency. As we broaden our collaborations across North America, Europe, the Middle East, and Asia, we expect these outcomes to improve through network effects,\" he added.
Aventus crafts Web3 solutions for various brands, focusing on enhancing user experiences while improving traceability, transparency, and product authenticity. Their digital product extension platform offers a dependable Web3 environment for businesses looking to launch a variety of programs and product initiatives.
Their aviation-focused solution is collaborating with prominent players in the industry, including APH at Heathrow Airport, Vodafone’s Digital Asset Broker, and numerous major airlines in Asia and the Middle East. Know More \"Aventus’ technology is incredibly fast and responsive, something we really need in the bustling airport environment,\" said Michelle Roosevelt, Director at Aviation Perishables Handling, in a statement. \"We’ve observed significant productivity gains. The application is more than just a tool – it has transformed how we manage and track our aircraft containers; plus, the support and expertise from the Aventus team in addressing our needs have been exceptional,\" she added.
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Technology by Alisa, a committed journalist at Cryptocurrencylistings, has a niche in cryptocurrency, zero-knowledge proofs, and the vast world of Web3. With a sharp eye for new trends and technologies, she offers detailed insights to both inform and engage her audience in the constantly evolving landscape of digital finance.