3. Who are we?
An amazing team of 5 software engineers,
4 business development guys and a designer
Timothy
Mayank
Jorge
Mertin
Aswin
Matthias
Alessandro
Hadi
Olga
Stoyan
4. Problem
Modern airplanes consist of 2-3
million parts
10% of aeroplane parts are
counterfeit (4 bln USD per year
globally)
12% of plane crashes are related
bad quality plane components
How to choose trustworthy
components suppliers?
5. Solution
smart contracts are issued by
aviation manufacturers to
disclose information about
components
information about components
is updated by every participant
of the supply chain
transactions are payed in GAS
service fees are payed in NEO
8. Why Manufactures would pay
fees?
1. Regain market share lost to counterfeit
parts producers (estimated 10% of aeroplane
parts are counterfeit)
2. Access to valuable information provided
by other ecosystem members, therefore
manufacturers can better forecast
production rates or inventory levels
9. Why Repair Companies would
pay fees?
1. Gain the full trust of airlines
2. More business opportunities (airlines
prefer to work transparent contractors,
therefore increase in contracts/sales)
3. Original parts have lower failure rate,
therefore contractors do not have to incur in
warranty related costs
11. Market Size
Over $35 Billion Worldwide
the global commercial fleet - over 25K
aircrafts
expected grow to 35K over next
decade
a portfolio of purchases valued at 40%
to 80% of the company’s total turnover
in the aviation industry
bigger players in the market: GE
Aviation, Rolls Royce, Airbus