Photo - Block Aero Technologies
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Block Aero Technologies

Thailand
Market: Logistics and warehouses, Mechanical engineering, Production, Blockchain, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 12.10.2021
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Idea

Block Aero has is bringing the next generation of aerospace asset lifecycle management software with our private & permissioned blockchain backed software platform.

Current Status

In the past, we have completed successful POC's with brand name enterprises such as Etihad Airways, Sanad Aerotech, Mubadala Investment Co., Rolls Royce, Singapore Airlines, SIA Engineering Company, and Singapore Aero Engine Services. We have also secured a PPP with the United Nations - International Civil Aviation Organization.

We have gone live since August 2021 and have secured our first anchor customer with a long term service level agreement. In the short term, we aim to capitalize on our existing business development, complete our AA Funding Round, and ramp up our growth phase.

Problem or Opportunity

Aerospace asset lifecycle management software and systems are outdated, inefficient, and overpriced.

As a result, the industry is plagued by bottlenecked workflows, paper-based data collection and management, & 74 billion USD annually in penalties and lost revenue.

Solution (product or service)

Block Aero has invested the last four years into bringing the next generation of aerospace asset lifecycle management software.

We offer a turn-key, public-private aviation blockchain network solution on the open-source Hyperledger Fabric framework. The platform not only digitizes asset data into structured form, but also increases trust in the flow and sharing of information by securely connecting assets, organizations, and personnel. In the short-term, our product delivers value to standalone organizations. The long-term on-boarding of companies will enable a network effect.

Business model

PaaS - Short Run
PaaS + Transaction Fees - Long Run

Incubation/Acceleration programs accomplishment

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