Aventus Supply Chain Solutions Demonstrates Polkadot’s Impact on the Aviation Industry

London, UK, August 7, 2024, Chainwire

A study conducted by Aventus at Heathrow Airport found that blockchain-based solutions can significantly improve data visibility, accuracy and operational efficiency in the cargo handling sector.

A study conducted at Heathrow Airport by Aventus & Airport Perishables Handling (APH) found that airlines can reduce overall costs in their cargo handling operations by leveraging Web3-based solutions.

The existing toolset used for global ULD management has remained largely unchanged since the 1990s and relies heavily on manual data entry. This creates significant issues with data visibility and accuracy, secure information sharing, and massive ULD loss, damage, and delays, costing airlines over $1.6 billion annually.

Web3 offers a powerful solution to the challenges of traditional ULD management through blockchain technology:

• Enables immutable and tamper-proof records to provide a single source of truth, eliminating disputes and improving compliance.
• Reduce administrative costs and minimize errors by automating manual processes with self-executing smart contracts.
• Gain real-time visibility into ULD location, storage, and condition, and streamline data sharing to help airlines optimize operations.

Aventus, an industry-leading provider of end-to-end Web3 solutions for enterprises and a parachain for Polkadot, conducted a pilot study at Heathrow Airport that found that an end-to-end blockchain-based cargo handling solution improved data visibility, accuracy, and operational efficiency in the cargo handling sector.

• 90% reduction in communication and error incidents As a result of digitized data collection,
• Manual documentation time reduced by 83%.
• 81% reduction in time between ULD inventory updates It has reduced the time from 3-4 hours to just 30 minutes, enabling real-time decision making.
• 28% reduction in loading time The result of an optimized ULD loading workload.

Alan Vey, Founder of Aventus, said: “These results are truly remarkable and highlight the transformative potential of blockchain not only for the airline industry, but for supply chains around the world. We are proud to help companies improve data accuracy, reduce operational inefficiencies and achieve greater transparency. As we expand our partnerships across North America, Europe, the Middle East and Asia, we anticipate these results will only improve through network effects.”

Michelle Roosevelt, Director of Aviation Perishables Handling, added: “Aventus’ technology is fast and responsive, which is key in a busy airport environment. It has dramatically improved our productivity. The app is more than just a tool. It has transformed the way we manage and track aircraft containers, and the support and expertise of the Aventus team has been outstanding in meeting our needs.”

Aventus’ aviation solutions bring partnerships with key players to the Polkadot ecosystem, including Heathrow’s fresh food handling for airlines, Vodafone’s digital asset broker, and other major airlines in Asia and the Middle East.

To learn more about the study, users can download the full report here.

About Aventus

Aventus creates pioneering Web3 solutions for brands, transforming the way customers build trust and drive growth. From creating more connected and integrated experiences to enhancing traceability, transparency, and product authentication. Founded in 2020, Aventus is the only trusted digital product expansion platform that provides a secure and stable Web3 environment for customers to launch market-leading programs and product activations.

With deep industry expertise and a strong understanding of enterprise requirements, Aventus delivers the best-in-class feature set of Web3 with the familiarity of Web2, giving our clients significant brand reputation, trust, and business growth. Our production-ready, end-to-end Blockchain-as-a-Service software is modular, scalable, and interoperable, giving our clients the flexibility they need to respond to rapidly evolving market opportunities.

contact

Marketing Manager
Eli Hyman
emergence
Ellie.Hyman@aventus.io