Aventus Supply Chain Solution Demonstrates Polkadot’s Impact on Aviation Inudstry

London,
United
Kingdom,
August
7th,
2024,
Chainwire

Blockchain-based
solution
drives
significant
improvements
in
data
visibility,
accuracy
and
operational
efficiency
within
cargo
handling
sector,
according
to

research
conducted
by
Aventus
at
Heathrow
Airport

Airlines
can
benefit
from
overall
cost
savings
in
their
cargo
handling
operations
by
leveraging
Web3-based
solutions,
according
to
a
study
conducted
by

Aventus
&
Airport
Perishables
Handling
(APH)
at
Heathrow
Airport.

The
existing
toolset
used
for
global
ULD
management
has
remained
unchanged
since
the
1990s
and
relies
heavily
on
manual
data
inputs,
resulting
in
critical
challenges
with
data
visibility
and
accuracy,
secure
information
sharing,
and
costly
ULD
losses,
damages
and
delays
–
costing
airlines
north
of
$1.6
billion
annually. 

Web3,
through
blockchain
technology,
offers
a
robust
solution
to
the
challenges
of
traditional
ULD
management,
by: 

• Enabling
  immutable,
  tamper-proof
  records
  that
  provide
  a
  single
  source
  of
  truth,
  eliminating
  disputes
  and
  improving
  regulatory
  compliance;
• Reducing
  administrative
  overhead
  and
  minimize
  errors
  by
  automating
  manual
  processes
  via
  self-executing
  smart
  contracts; 
• Enabling
  real-time
  visibility
  into
  ULD
  location,
  custodianship
  and
  condition,
  and
  streamlining
  data
  sharing
  to
  enable
  airlines
  to
  optimize
  operations.

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

• 
  90%
  reduction
  in
  communication
  and
  error
  incidents
  as
  a
  result
  of
  digitized
  data
  capture; 
• 
  83%
  reduction
  in
  manual
  documentation
  time;
• 
  81%
  reduction
  in
  time
  between
  ULD
  stock
  updates
  from
  3-4
  hours
  to
  just
  30
  minutes,
  enabling
  real-time
  decision-making;
  and
• 
  28%
  reduction
  in
  loading
  times
  as
  a
  result
  of
  optimized
  ULD
  loading
  workloads.

Alan
Vey,
Founder
at
Aventus,
comments:
“These
results
are
truly
remarkable,
underscoring
the
transformative
potential
of
blockchain
for
not
only
the
aviation
industry
but
for
supply
chains
globally.
We
are
proud
to
be
empowering
enterprises
to
enhance
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
to
only
improve
via
network
effects.”

Michelle
Roosevelt,
Director
at
Aviation
Perishables
Handling,
adds:
“Aventus’
technology
is
fast
and
responsive,
which
is
key
in
our
busy
airport
environment.
We’ve
seen
huge
improvements
in
productivity.
The
app
is
more
than
a
tool
–
it’s
reshaped
how
we
manage
and
track
our
aircraft
containers,
and
the
Aventus
team’s
support
and
expertise
in
meeting
our
needs
has
been
outstanding.”

Aventus’
aviation
solution
brings
partnerships
with
major
enterprises
to
the
Polkadot
ecosystem,
including
Aviation
Perishables
Handling
at
Heathrow
Airport,
Vodafone’s
Digital
Asset
Broker,
as
well
as
other
major
airlines
across
Asia
and
the
Middle
East.

For
more
information
on
the
study,
users
can
download
the
full
report

here. 

About
Aventus

Aventus
transforms
how
customers
create
trust
and
unlock
growth,
crafting
pioneering
Web3
solutions
for
brands,
from
creating
more
connected,
integrated
experiences
to
enhancing
traceability,
transparency,
and
product
authentication.
Founded
in
2020,
Aventus
is
the
only
trusted
digital
product
extension
platform
that
provides
a
secure
and
reliable
Web3
environment
for
customers
to
launch
market-leading
programs
and
product
activations. 

With
deep
industry
expertise
and
a
strong
understanding
of
enterprise
needs,
Aventus
delivers
the
best
feature
sets
of
Web3
with
the
familiarity
of
Web2,
driving
significant
brand
reputation,
trust,
and
enterprise
growth
for
its
customers.
Its
production-ready,
end-to-end
Blockchain-as-a-Service
software
is
modular,
scalable,
and
interoperable,
giving
clients
the
flexibility
they
need
to
respond
to
rapidly-evolving
market
opportunities.

Contact

Head
of
Marketing
Ellie
Hyman
Aventus
[email protected]