Web3 platform Aventus and Airport Perishables Handling (APH) have conducted research at Heathrow Airport that shows airlines can save up to 7% in cargo handling operations by adopting Web3 solutions, as per the latest updates shared with Finbold on August 7.
Aventus’ Web3 solutions brings major enterprises and airlines to Polkadot (DOT), showcasing not only the transformative power of blockchain technology but also the expansiveness of the DOT ecosystem.
Solving the issues of manual data inputs with Blockchain
For three decades now, global ULD (Unit Load Device) management has relied on manual data inputs.
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This leads to data visibility, accuracy, and information sharing issues, as well as losses and delays, which cost airlines over $1.6 billion every year.
Blockchain technology offers a solution to these problems, enabling immutable, tamper-proof records, reducing disputes, and helping meet regulatory standards.
Moreover, it automates various processes through self-executed smart contracts, which minimizes administrative overhead and errors.
Finally, it provides real-time visibility into ULD location, custody, and condition.
Aventus’ blockchain-based cargo handling solution
The study conducted at Heathrow Airport revealed that Aventus’ blockchain-based cargo handling solution enhances data visibility, accuracy, and operational efficiency.
Among the key improvements found was a 90% reduction in communication and error incidents thanks to digitized data capture.
Likewise, manual documentation saw an 83% decrease, while ULD stock update time was cut from 3-4 hours to just 30 minutes.
Additionally, loading times were reduced by 28% due to optimized ULD loading workloads.
The importance of the Aventus study
Alan Vey, Aventus founder, commented on the findings, stating:
“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, turn praised Aventus’ technology, stating:
“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 major enterprises into the Polkadot ecosystem, including Aviation Perishables Handling at Heathrow Airport, Vodafone’s Digital Asset Broker, and other airlines across Asia and the Middle East.
