AVINOC is a consistent, integrated and permissionless base data layer for decentralized, transparent and worldwide coordination of business flights within the general aviation, to achieve optimal utilization and reduce costs significantly.
Every user involved in AVINOC possesses a local copy of all relevant data. This creates new opportunities for global, direct, permissionless, and fast communication between participants involved in the complex aviation business. AVINOC makes all necessary information of availability of staff and equipment visible in a decentralized manner. Efforts for communication and coordination can be reduced to a minimum or, in most cases, they can be totally eliminated.
In Business Aviation (BizAv), a part of general aviation (GA), processes and their optimization are still receiving insufficient attention - even today. Digitization and possible automation are slow due to the large number of different solutions and complex structures. In many places, the coordination of flights, orders and customer and supplier management are effected manually or are only slightly information-based (e-mail, Excel, paper) using a multitude of incompatible systems containing nonintegrated structures. In order to close the resulting gaps in communication and information management, intermediaries are employed. On further consideration, however, this need in itself is only a symptom and the causes are more deeply hidden. The effects are usually high costs associated with a large overhead of up to 35% of the actual costs of relevant services or operating material. The causes are hidden in the systemic. First and foremost, there are delays in communication as well as inhomogeneous data or low-transparency processes. The effects thereof are noticeable for the customer through the price on the one hand and the lack of adequate performance on the other hand. Orders are therefore subject to considerable uncertainties in their realization1 . The quality of business aviation suffers. A future, already designed as a fully autonomous system hardware requires a different general environment. It requires a setting without manual intervention and without delays in its operation. It requires the availability of an integrated, freely accessible and decentralized database and exchange layer for the complete representation of all relevant information and payment flows in the system2 . In view of the overall digitization and automation efforts and the resulting, ever-increasing speed of implementation worldwide, organizations should strive to reduce their overhead in order to continue to persists on the market. For BizAv organizations, with reduced or completely eliminated overhead, there are opportunities to enter new markets and completely new customer segments. Many potential customers would not (yet) use a business jet or air taxi due to excessive prices, to date it is still a privilege. In order to resolve these fundamental problems, eliminate causes and make BizAv fit for the future, AVINOC was created.
The Aviation Network Operation Centers, which have been in existence since 2008, is an enterprise resource planning (ERP) software and business cloud application for BizAv, which has been further developed to this day. Inspired by the wide range of possibilities offered by Blockchain technology today, the development team decided in 2017 to transform existing knowledge from the ERP solution into a completely new system, the Aviation Network Operation Chain.
AVINOC as a Blockchain solution provides a transparent, integrated, permissionless and decentralized base data layer for the exchange of relevant information for the GA. The main focus here is on BizAv. The aim of AVINOC is flight coordination, order management and infrastructural issues of the GA worldwide and, with the help of the integrated transaction and payment system, achievement of an optimal use of resources and a high level of cost reduction on the market. The primary goal is to strengthen the BizAv market with focus on reducing the time span of the information and payment flow to zero, thus creating an optimal supply chain. This will allow the entire global market to be strengthened and made sustainable for the future. It will furthermore result in positive effects on all other economic sectors of a country with well-defined BizAv. It will also enable future technologies, such as autonomous or semi-autonomous flying, to be effectively and efficiently deployed in organizations.
All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Founder Of BlockConnectors.io (Top Blockchain Advisory Firm In Asia) | Consulted 20+ ICOs | Marketing Expert Rated on Jul 20, 2018 Modified on Sep 28, 2018
3
3
3
7%
Interesting project. Very niche into their field on aviation. But if they can scale this framework to other industry, would be even better.
This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible
Blockchain Enthusiast and Advisor Rated on Jul 7, 2018 Modified on Jul 17, 2018
3
1
3
7%
The team has proper industry and IT experience but not so much fundraising/blockchain experience. The whitepaper lacks numbers. The competitive analysis in the WP (pages 30-31) is not convincing. Business planning and financial part is missing in the WP. The team should be reinforced in this direction.
our whitepaper is per definition a whitepaper, in which we describe our project and product. Financial details can be found on our website and market analysis – there will be a business plan in the realization-phase (this has been described in the whitepaper too). We do not like to copy our website and just generate a pdf-whitepaper from it like many ICOs do. Our whitepaper describes the system in much detail technically. If pages 30-31, as well as other ones, are not convincing for you, please explain what you are missing or not convinced of. If so we will be able to adopt it into a future revision.
CEO | ICO IEO Driver | Startup Advisor | Blockchain Consultant Rated on Jul 13, 2018 Modified on Aug 6, 2018
4
4
4
7%
Team ★★★★
Vision ★★★★
Product ★★★★
Avinoc has a strong and experienced team with a good defined product. They have a hard way to get a portion of this trillion dollar market, but have the tools to get it. They have to alliate with another projects to impulse the blockchain aviation solutions to a reality.
Ph.D. | CEO | FinTech in Stocks | Blockchain in Cryptos | Author of Amazon Best Sellers in Online Trading Rated on Jul 19, 2018 Modified on Jul 20, 2018
4
4
4
7%
"AVINOC as a Blockchain solution provides a transparent, integrated, permissionless and decentralized base data layer for the exchange of relevant information for the GA."
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert Rated on Jul 18, 2018 Modified on Jul 19, 2018
3
4
3
6%
First of all I want to say team have lack of experience in blockchain in industry .... 2nd after reading the whitepaper it looks interesting and know many things about aviation which is good...
About mvp I got nothing https://xs30.avinoc.pro
Don't know why team added this one to mvp section to get more benchy score.
Update rating :
After talking with CEO and after showing proof and some updates I decided to change rating.
CTO at Bidao - Stablecoin and DeFi on Binance Chain, Crypto Entrepreneur, TEDx Speaker Rated on Jul 24, 2018
4
4
4
6%
Very interesting vision and product. Costs for flights are still very high for most travelers and integrating this data layer would help a lot to optimize the industry. Good luck!
CBDO LATOKEN exchange| Cryptoinvestor | Advisor | Listing | Networker Rated on Aug 21, 2018
3
3
2
6%
1. On the team, I have doubts, the CEO from the Linkedin profile is involved in another ICO project. The rest participates as investors or shareholders.
2. It is not clear why the blockchain is here at all. There are many similar services that work well. Blockchain will only complicate the work.
3. About tickets, each company has its own ticket sales strategy and your technology will not lead new customers.
4. Looked Bitcointalk - I had a feeling that some paid cheap posts.
PhD | Entrepreneur | CEO | ICO Advisor | Crypto enthusiast | Blockchain expert | Public speaker | Mentor Rated on Jul 29, 2018
4
4
2
6%
The team is rather big, but is what to aim still at. Vision of the project interesting and useful to many, but the idea not new. I dont see protype MVP therefore for a product I put 2 so far
ICO advisor|Crypto-asset and ICO investor| Libertarian|CEO of Block Venture Project Rated on Jul 24, 2018
4
5
3
5%
Team - strong, experienced core team, but some advisors listed here do not have the project listed on LinkedIn profile, hence 4 for the moment.
Vision - the problem, vision and solution are very well considered and explained in WP. Use of funds is clear on ICO website. The project aims to solve the problem of inefficiency in the BizAv market through use of DLT.
Product - doesn't appear to be an MVP available at the moment, as soon as I see one I will reconsider.
Entrepreneur, Marketing Advisor, ICO Advisor Rated on Jul 20, 2018
4
4
3
5%
The aviation industry could definitely benefit hugely with the implementation of blockchain. Strong offering. Simple, yet effective. I feel it's solving a real issue, although, apart from the instant settlement across the board I don't see how Avinoc can be uniquely differentiated from travel apps from a user perspective specifically. I would like to see the product and possibly use it for a while before judging it, though. The financials seems fine. The caps are definitely realistic and attainable. The math behind the tokens seems sound. Everything seems to tick the right boxes in my opinion.
Crypto-currency enthusiast, Miner, ICO analyst, Angel investor, ICO investor,Strategist Rated on Jul 18, 2018 Modified on Jul 19, 2018
4
5
4
5%
Reading the white paper was interesting because i have learned many things i didn't know about aviation. The thing is though, the team has no relevant experience with blockchain projects. But the question that came instantly in my mind was: Lets say that i want a part to it. What do i gain if i get involved in the token sale? Is it a free ride with the helicopter, is it a thank you message for participating to the token sale? There are no specifics whatsoever.
***UPDATE***
The team updated their white paper by disclosing the potential benefits of their token. I feel at this point that this project is unique and interesting and the implementation of blockchain in the aviation sector makes sense.
Strategic Advisor, Founder of AuBit Rated on Jul 30, 2018
4
3
3
4%
Interesting idea and use case. Not sure about long term use of token or technology but let's see, the industry is not one I know much about and the team are clearly experienced in the aviation industry.
The team is a well rounded one and would appear, on paper, to have adequate experience in the appropriate sectors.
The vision is massive but I think a brilliant one. If they can achieve 50% of their goals then it would be a welcome change.
I am not sure who they are partnered with but trying to make a dent in this industry will be a huge challenge. People are set in their ways and it will take a huge shift for this product to embed itself.
Blockchain Investor, Influencer Rated on Jul 24, 2018
4
5
4
4%
Strong team, very competent and experienced members. The white paper is complete and the roadmap is detailed -could be more concise though with more info about partnerships. Good use case of blockchain in the aviation industry.
CEO Pecunio Blockchain Technologies Rated on Jul 13, 2018
5
5
5
3%
AThe team of vinoc has a industry background and experienced team, and a bold vision. If they can execute on their strategy, solidely outlined in the whitepaper, it will be a unicorn in the industry. KYC is done, also a plus on transparancy.
Harvard-trained economist|ICO Advisor|White Paper Editor|Blockchain Project Manager Rated on Jul 17, 2018
5
5
5
1%
Those companies I dedicate the time to provide a review are deserving of the review and rating. Having said that, and before I begin, I'll note that Igor Karavaev should be removed from ICOBench altogether given his ulterior motives for providing such reviews. We are a community whose altruistic nature and betterment for the ecosystem, environment, and goal for socioeconomic convergence is paramount, which is to say that personal gain should not even be on our radar. Your reviews here should not be contingent on a prospective job offer, or fee. I've never been, nor will I ever accept payment for a review. Now, let's begin.
First, the Team. This team has a sufficient amount of experience both in the space and industry to understand the challenges inherent within the supply chain, as well as their competition. I've always said that what separates a good company from a great one is its Team, and this one "gets it".
Next, the Vision. This company has a grand vision, but a necessary one. The aviation industry is riddled with inefficiencies, and I firmly believe that, again, because of the Team, that Avionic can fulfill its Vision and deliver upon its concept.
Lastly, the Product. Understanding the comprehensive nature, and the extent to which delivering upon the aforementioned requires a specific level of know-how and relevant feasibility. Although it will take an abundance of time to disrupt the sector, the product will serve society before it serves the bureaucracy of a significant corporation. And, if I were advocating for a major airline or defense contractor, I would suggest they partner with Avionic.
This company has all of the tools required to become a success.
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