According to research done by Aventus & Airport Perishables Handling (APH) at Heathrow Airport, airlines may save 7% overall on their cargo handling operations by using Web3-based solutions.
Since the 1990s, the global ULD management tool set has not changed, and it mainly depends on manual data inputs. This presents serious problems for data visibility and accuracy, secure information sharing, and pricey ULD losses, damages, and delays, which cost airlines more than $1.6 billion a year.
Web3 provides a strong response to the problems with conventional ULD administration using blockchain technology, by:
- Enabling tamper-proof, immutable records that provide a single source of truth, resolving conflicts, and enhancing regulatory compliance;
- Minimizing mistakes and cutting down on administrative expense by using self-executing smart contracts to automate manual tasks;
- To help airlines manage operations, real-time insight into ULD location, custodianship, and condition is made possible. Data exchange is also streamlined.
Aventus, a market leader in providing end-to-end Web3 solutions for businesses and parachain on Polkadot, discovered through a pilot study at Heathrow Airport that the cargo handling industry benefits greatly from its end-to-end blockchain-based solution in terms of data visibility, accuracy, and operational efficiency.
- 90% decrease in communication errors and mishaps due to digital data collection;
- 83% less time spent on manual documentation;
- Real-time decision-making is made possible by an 81% decrease in the interval between ULD stock updates—from 3–4 hours to only 30 minutes.
- A 28% decrease in loading times brought about by improved 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.”
With the help of Aventus’ aviation solution, the Polkadot ecosystem now boasts relationships with big businesses such as Vodafone’s Digital Asset Broker, Aviation Perishables Handling at Heathrow Airport, and other major airlines in Asia and the Middle East.
One may download the whole report here for more details on the research.
Through the development of cutting-edge Web3 solutions for companies, Aventus revolutionizes how consumers build trust and spur growth. These solutions improve product authenticity, traceability, and transparency while also making experiences more integrated and linked. Aventus, which was established in 2020, is the only reputable digital product extension platform that offers clients a dependable and safe Web3 environment in which to introduce industry-leading initiatives and product activations.
Aventus provides the greatest feature sets of Web3 with the familiarity of Web2, fostering major brand recognition, trust, and business growth for its clients. The company has extensive industry experience and a thorough grasp of corporate demands. Its end-to-end, production-ready Blockchain-as-a-Service software is scalable, flexible, and interoperable, providing customers with the adaptability they need to seize quickly changing market possibilities.
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