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Blockchain reduces airline cargo costs by 7% and boosts efficiency

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]

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

London, United Kingdom, October 22nd, 2024, Chainwire

Aventus, a leading provider of enterprise blockchain solutions and parachain on Polkadot, today confirms the launch of Aventus 2.0, an evolution of the Aventus Network aimed at establishing a stronger foundation for long-term growth and value capture. 

The update introduces several strategic initiatives designed to enhance network performance and stakeholder utility, including increasing transaction volume and overall network usage, expanding the ecosystem through successful partnerships with Layer 3 appchains, enhancing token holder engagement via a liquidity mining program, and reducing token supply via a burn mechanism. 

The vision for Aventus 2.0 was developed by MVP Workshop, a Blockchain Product Research & Development Studio who designed Polygon Edge and Astar Network, in collaboration with Scytale Digital and the Aventus Services team.

Following the approval of a community governance proposal in which AVT token holders voted in favour of executing this vision, the Aventus Services team will implement the Aventus 2.0 plan over the next four months. This process underscores Aventus’s commitment to stakeholder-driven decision-making, ensuring that major network decisions are made through community consensus.

Aventus 2.0 comprises three main components: 

A Layer 3 appchain model, whereby enterprises are able to operate on the Aventus Network and benefit from the security, scalability, interoperability and decentralised infrastructure offered by the Aventus ecosystem. A liquidity mining program on Uniswap, including a custom user-friendly dApp, to enhance token holder engagement. Appchains are also able to request grants from Aventus community treasury and launch their own liquidity mining programs to drive liquidity for their own tokens, contributing a portion of their token supply and network fees to the Aventus treasury to support the broader Aventus ecosystem and its development.   A new collator rewards mechanism to ensure a secure and efficient Aventus Network, alongside an automatic burn mechanism for a portion of gas fees to reduce the overall supply of AVT tokens in circulation. Alan Vey, Founder at Aventus, commented: “Aventus 2.0 builds on important learnings from existing Aventus Network clients as well as the invaluable expertise of our partners at MVP Workshop & Scytale Digital, and represents a significant milestone in our journey to enhance the Aventus Network’s capabilities and deliver greater value to stakeholders.”

The appchain model is already seeing traction, with existing users of the Aventus Network having recently launched their own Aventus Layer 3 appchains.

Barry Helfrich, CIO at Enigmatic Smile, adds: “We needed the Voucher Ledger solution to be secure, fast and stable enough to process the discounts collected by hundreds of millions of users in our rewards ecosystem — no small feat, but Aventus has helped us build such a solution. The team has been helpful, professional and responsive throughout the process. We’re looking forward to continuing our long-standing relationship with them.”

The updated network will provide enhanced functionality and improved user experiences, positioning the Aventus Network as a trusted leader in enterprise blockchain solutions and key contributor to enterprise use cases within the Polkadot ecosystem.

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 one 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.

For more information, users can visit: www.aventus.io, and also their X, LinkedIn and Telegram.

Contact Head of Marketing
Ellie Hyman
Aventus
[email protected]

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Aventus Network Confirms Launch of Aventus 2.0, Key to Driving Enterprise Use Cases to Polkadot

[PRESS RELEASE – London, United Kingdom, October 22nd, 2024]

Aventus, a leading provider of enterprise blockchain solutions and parachain on Polkadot, today confirms the launch of Aventus 2.0, an evolution of the Aventus Network aimed at establishing a stronger foundation for long-term growth and value capture.

The update introduces several strategic initiatives designed to enhance network performance and stakeholder utility, including increasing transaction volume and overall network usage, expanding the ecosystem through successful partnerships with Layer 3 appchains, enhancing token holder engagement via a liquidity mining program, and reducing token supply via a burn mechanism.

The vision for Aventus 2.0 was developed by MVP Workshop, a Blockchain Product Research & Development Studio who designed Polygon Edge and Astar Network, in collaboration with Scytale Digital and the Aventus Services team.

Following the approval of a community governance proposal in which AVT token holders voted in favour of executing this vision, the Aventus Services team will implement the Aventus 2.0 plan over the next four months. This process underscores Aventus’s commitment to stakeholder-driven decision-making, ensuring that major network decisions are made through community consensus.

Aventus 2.0 comprises three main components:

A Layer 3 appchain model, whereby enterprises are able to operate on the Aventus Network and benefit from the security, scalability, interoperability and decentralised infrastructure offered by the Aventus ecosystem. A liquidity mining program on Uniswap, including a custom user-friendly dApp, to enhance token holder engagement. Appchains are also able to request grants from Aventus community treasury and launch their own liquidity mining programs to drive liquidity for their own tokens, contributing a portion of their token supply and network fees to the Aventus treasury to support the broader Aventus ecosystem and its development. A new collator rewards mechanism to ensure a secure and efficient Aventus Network, alongside an automatic burn mechanism for a portion of gas fees to reduce the overall supply of AVT tokens in circulation. Alan Vey, Founder at Aventus, commented: “Aventus 2.0 builds on important learnings from existing Aventus Network clients as well as the invaluable expertise of our partners at MVP Workshop & Scytale Digital, and represents a significant milestone in our journey to enhance the Aventus Network’s capabilities and deliver greater value to stakeholders.”

The appchain model is already seeing traction, with existing users of the Aventus Network having recently launched their own Aventus Layer 3 appchains.

Barry Helfrich, CIO at Enigmatic Smile, adds: “We needed the Voucher Ledger solution to be secure, fast and stable enough to process the discounts collected by hundreds of millions of users in our rewards ecosystem — no small feat, but Aventus has helped us build such a solution. The team has been helpful, professional and responsive throughout the process. We’re looking forward to continuing our long-standing relationship with them.”

The updated network will provide enhanced functionality and improved user experiences, positioning the Aventus Network as a trusted leader in enterprise blockchain solutions and key contributor to enterprise use cases within the Polkadot ecosystem.

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 one 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.

For more information, users can visit: www.aventus.io, and also their X, LinkedIn and Telegram.

Aventus Introduces Blockchain Factory for Effortless Enterprise Blockchain Adoption

London, United Kingdom, November 27th, 2024, Chainwire

Innovative platform enables businesses to deploy tailored, scalable and integrated blockchain networks with ease and efficiency in as little as two weeks.

Aventus, a leader in enterprise blockchain technology and parachain on Polkadot, today announces the launch of its Blockchain Factory: a platform designed to help businesses deploy bespoke blockchain networks with advanced features and seamless integration into existing systems. 

The Blockchain Factory aims to make blockchain adoption more accessible, offering a streamlined, flexible solution for organisations exploring the potential of Web3 technologies including blockchain and tokenisation. 

Designed to meet the diverse needs of medium to large enterprises, the Blockchain Factory offers a range of advanced capabilities:

Streamlined deployment: Custom blockchain networks can be set up within two weeks using automated processes alongside custom configurations for specific requirements. Scalability and reliability: Networks support up to 20 operational nodes and 50,000 light nodes, providing enhanced decentralisation and security. Enhanced network integrity: A dynamic consensus mechanism ensures all nodes contribute to the network’s decentralisation and utility. Custom tokenisation and rewards: Capabilities for each network to issue its own token, and reward systems to encourage network participation. Interoperability: Enable bridging of tokens to Ethereum with a user-friendly front-end. User accessibility: Developer-friendly features, including a Gateway API and blockchain explorer, ensure seamless integration and usability.  The Blockchain Factory ensures networks are not only easy to deploy but also practical to maintain, providing businesses with the necessary user-friendly tools, including a white-label wallet, an intuitive API, and a blockchain explorer, all designed to make blockchain accessible to both developers and end-users.

Aventus Services – the commercial arm of the Aventus ecosystem – will also offer advisory services for scoping, as well as dedicated support for integration, testing, and post-deployment optimisation for the blockchain networks, which will be deployed as layer 3 (L3) appchains on the Aventus Network. 

For not only the Aventus Network but for the broader Polkadot ecosystem, Aventus L3 appchains contribute significantly to driving network utility and increasing transaction volumes. Additionally, each appchain will pay ongoing token reward fees into the Aventus Network community treasury, further enhancing its sustainability.

Alan Vey, Founder of Aventus Network and CEO of Aventus Services, highlights the importance of lowering barriers to blockchain adoption: “The Blockchain Factory represents a significant step forward in making blockchain technology practical and achievable for businesses. By offering a fast, tailored, and scalable approach, we empower organisations to focus on their goals while benefiting from the security and flexibility of blockchain. At Aventus, our mission is to remove the complexity from blockchain adoption, ensuring businesses of all sizes can unlock its full potential with confidence and ease.”

About Aventus

Aventus is an enterprise blockchain solution provider dedicated to delivering secure, scalable, and user-friendly blockchain technology. With a focus on operational excellence and a commitment to adding value, Aventus empowers businesses to leverage blockchain for long-term growth and value creation. Founded in 2020, Aventus offers production-ready, end-to-end Blockchain-as-a-Service software that is modular, scalable, and interoperable, enabling clients to respond to rapidly evolving market opportunities.

For more information, visit:

Website: www.aventus.io

Twitter: https://x.com/aventusnetwork

LinkedIn: https://www.linkedin.com/company/aventusnetwork/

Telegram: t.me/Aventus_Official

Contact Head of Marketing
Ellie Hyman
Aventus
[email protected]

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

[PRESS RELEASE – London, United Kingdom, November 27th, 2024]

Innovative platform enables businesses to deploy tailored, scalable and integrated blockchain networks with ease and efficiency in as little as two weeks.

Aventus, a leader in enterprise blockchain technology and parachain on Polkadot, today announces the launch of its Blockchain Factory: a platform designed to help businesses deploy bespoke blockchain networks with advanced features and seamless integration into existing systems.

The Blockchain Factory aims to make blockchain adoption more accessible, offering a streamlined, flexible solution for organisations exploring the potential of Web3 technologies including blockchain and tokenisation.

Designed to meet the diverse needs of medium to large enterprises, the Blockchain Factory offers a range of advanced capabilities:

Streamlined deployment: Custom blockchain networks can be set up within two weeks using automated processes alongside custom configurations for specific requirements. Scalability and reliability: Networks support up to 20 operational nodes and 50,000 light nodes, providing enhanced decentralisation and security. Enhanced network integrity: A dynamic consensus mechanism ensures all nodes contribute to the network’s decentralisation and utility. Custom tokenisation and rewards: Capabilities for each network to issue its own token, and reward systems to encourage network participation. Interoperability: Enable bridging of tokens to Ethereum with a user-friendly front-end. User accessibility: Developer-friendly features, including a Gateway API and blockchain explorer, ensure seamless integration and usability. The Blockchain Factory ensures networks are not only easy to deploy but also practical to maintain, providing businesses with the necessary user-friendly tools, including a white-label wallet, an intuitive API, and a blockchain explorer, all designed to make blockchain accessible to both developers and end-users.

Aventus Services – the commercial arm of the Aventus ecosystem – will also offer advisory services for scoping, as well as dedicated support for integration, testing, and post-deployment optimisation for the blockchain networks, which will be deployed as layer 3 (L3) appchains on the Aventus Network.

For not only the Aventus Network but for the broader Polkadot ecosystem, Aventus L3 appchains contribute significantly to driving network utility and increasing transaction volumes. Additionally, each appchain will pay ongoing token reward fees into the Aventus Network community treasury, further enhancing its sustainability.

Alan Vey, Founder of Aventus Network and CEO of Aventus Services, highlights the importance of lowering barriers to blockchain adoption: “The Blockchain Factory represents a significant step forward in making blockchain technology practical and achievable for businesses. By offering a fast, tailored, and scalable approach, we empower organisations to focus on their goals while benefiting from the security and flexibility of blockchain. At Aventus, our mission is to remove the complexity from blockchain adoption, ensuring businesses of all sizes can unlock its full potential with confidence and ease.”

About Aventus

Aventus is an enterprise blockchain solution provider dedicated to delivering secure, scalable, and user-friendly blockchain technology. With a focus on operational excellence and a commitment to adding value, Aventus empowers businesses to leverage blockchain for long-term growth and value creation. Founded in 2020, Aventus offers production-ready, end-to-end Blockchain-as-a-Service software that is modular, scalable, and interoperable, enabling clients to respond to rapidly evolving market opportunities.

For more information, visit:

Website: www.aventus.io

Twitter: https://x.com/aventusnetwork

LinkedIn: https://www.linkedin.com/company/aventusnetwork/

Telegram: t.me/Aventus_Official

[PRESS RELEASE – London, United Kingdom, February 4th, 2025]

Truth Network has launched as a decentralized verification network, operating as an appchain on the enterprise-focused Aventus Network, a Polkadot parachain.

In response to the growing challenge of misinformation, Truth Network aims to set a new standard for verifiable trust. As a fully decentralized prediction market ecosystem, it ensures fair and transparent market outcomes, leveraging blockchain technology to provide a trustless verification system.

The Web3-powered prediction market launches as an appchain on the Aventus Network, leveraging the security, scalability, and interoperability of the wider Polkadot ecosystem.

While prediction markets have long been a powerful tool for aggregating knowledge, traditional systems are limited by centralization, manipulation, and opaque decision-making. Truth Network solves these problems by enabling a completely decentralized verification model, where thousands of independent nodes validate market outcomes, ensuring that the results are fair, transparent, and immutable.

The Truth Network operates as a fully decentralized ecosystem, supported by key contributors who bring expertise and innovation to the network:

Aventus: The blockchain technology provider powering the Truth Network with secure, scalable, and enterprise-grade solutions. Aventus ensures the network’s technical foundation is robust and capable of handling high volumes of activity. Galactic: The commercial partner of the Truth Network, responsible for driving adoption and creating prediction markets that engage users and showcase the network’s full potential. Galactic bridges the gap between cutting-edge blockchain technology and real-world applications. Blockchain Factory: The sales and infrastructure partner ensuring the efficient operation of Truth’s vast node network. Blockchain Factory oversees the onboarding and distribution of this decentralized architecture. Polkadot: The foundational blockchain layer unerpinning the ecosystem, ensuring seamless interoperability and future-proof scalability. Via Galactic, several major media powerhouses are already preparing to integrate with the platform, leveraging its decentralized verification system to bring unprecedented transparency to their audiences. These partnerships will enable media organizations to access real-time, tamper-proof data secured by Truth, positioning themselves as leaders in the creation of a new gold standard for verifiable, decentralized truth, while driving hundreds of millions of monthly users to the network.

Stuart Stott, CEO of Galactic, the commercial hub of Truth, comments: “In a world where misinformation spreads like wildfire, the need for verifiable outcomes has never been greater. Media, businesses, and individuals need truth they can trust.

Galactic empowers brands to capitalize on their audience’s opinions and reward their expertise through integrated prediction markets – all powered by Truth as the decentralized verification network, ensuring fairness and transparency, enabling real-time insights, and incentivizing invaluable engagement between media powerhouses and their audiences.”

Alan Vey, Founder of Aventus Network, Truth’s blockchain technology partner, adds: “Truth Network is tackling one of the most critical challenges of our time — establishing trust in an age of misinformation. To achieve this, we’ve ensured that Truth Network is not only built for large-scale media adoption but is designed for compliance with global regulatory frameworks. This is exactly what blockchain was built for: bringing fairness, transparency, and trust to global markets.”

Chad Barron, CEO of Blockchain Factory, adds: With a network of up to 50,000 individual nodes, Truth is designed to ensure that predictions, outcomes, and market results are independently verified and immune to manipulation. It is the pinnacle of everything Web3 stands for: decentralization, community, and transparency.”

About Truth Network Truth Network is a decentralized verification network designed to bring fairness and transparency to digital markets. Designed to be compliant with US and CFTC regulations, Truth powers a trustless prediction market ecosystem where independent nodes validate outcomes.

With key partners like Aventus, Galactic, and Blockchain Factory, Truth Network is setting a new standard for verifiable, tamper-proof data, empowering businesses, media, and individuals with a reliable source of truth.

For more information, users can visit: https://truth-network.io/