Aeropaye

Obsession for the Blue Sky...

https://www.phocuswire.com/startup-stage-aeropaye-blockchain-to-automate-airline-refunds

STARTUP STAGE: Aeropaye uses blockchain to automate airline refunds  Aeropaye automates the processing of refunds for delayed or cancelled flights, using distributed ledger technology, smart contracts and NDC.  

It has been exciting to work with the team at Aeropaye to build an innovative traveller/airline centric air travel automated smart contract Refund Engine on delayed or cancelled for the airline industry.

The dlt/NDC & ota/tmc's solution will help airlines optimize costs through the reduction of administrative overheads and facilitate quicker payments and settlements on passengers refund claims.

click of a Button

PhocusWire
Phocuswright
Travelstart

Value Added Service on our Refund Engine.

Exploring the ndc/dlt instead of selling seats (tickets) to a particular destination like Airlines usually do. Aertkn represent a seat on a particular reoute. But do not yet have a particular passenger, time and date aligned to it.

That is airline receive money but does not yet issue ticket, instead it issued a token that can buy that ticket, later fixing passenger, date and time. you can consider a token to be a ('reoute private money') that has a supply equal to the total number of tickets an the route within a range of time.

Once tokens are sold by airlines, these can be traded, transferred or exchanged by those first owners many times before these will be exchanged for a ticket. All tokens within a usual smart contract are the same and indistinguishable,

On a business level it means that unless we create additional rules i.e we say that tickets redeemed for token within 30 days before travel also have a free lugaggy allowance, each token holder will be expected to be traded equally irrespective of how much he or she has paid for the token.

As the year is wrapping up, we want to thank all Aeropaye systems Limited, team members for their commitment and excellence throughout. Its been a great 2021 so far and we are looking forward for many years ahead.

One part that am always focused on sought of the structure of companies and how well are people aligned making sure that people are aligned properly.

You want to both have formal alignment were you set the structure's out, and you want to have informal alignment,were people will naturally want to try to work with each other in one way or another. I think that tends to get obscured in all these other ways. I think the question of alignment and structure is incredibly important.

Aeropaye smart flight refund engine.
If the employees come first, then they're happy. A motivated employee treats the customer well. The customer is happy so they keep coming back, which pleases the shareholders. It's not one of the enduring green mysteries of all time, it is just the way it works.

More great news in the area of sustainable travel - thanks to Thorsten Lange, Jonathan Wood and Neste for sharing the news and for pushing the aviation industry fast forward towards a green future.

The Clean Skies of tomorrow. In 2019, fewer than 200,000 metric tons of SAF were produced globally, amounting to less than 0.1% of the roughly 300 million tons of jet fuel used by commercial airlines. If all SAF projects that have been publicly announced are completed, capacity will scale to at least 4 million metric tons in the next few years, reaching volumes just over 1% of expected global jet fuel demand in 2030…

https://www.neste.com/releases-and-news/aviation/aviation-leaders-launch-first-flight-100-sustainable-aviation-fuel-emissions-study-commercial

Aviation leaders launch first in-flight 100% sustainable aviation fuel emissions study on commercial passenger jet Neste Corporation, Press Release, 18 March 2021, 11.45 a.m. (EET) Image: Airbus 2021, photo by S. RAMADIER A team of aerospace specialists has launched the world’s first in-flight emissions study using 100% sustainable aviation fuel (SAF) on a wide-body commercial passenger aircraft. Airbus, Germa...

Aeropaye Blockchain DLT Components to streamline Airline Finance in 2021.

Airline tickets are stuck in a technological bottleneck. Coordinating purchases, transfers, Settlements on delayed/cancelled flights and payments across hundreds of airlines, agencies, and countries is expensive and inefficient under the current system.

The Aeropaye DLT Component is an amazing technology that allows for easy, near instant, trustless collaboration between different parties with a common goal. These difficulties of the travel industry is the perfect environment to apply it in. Aeropaye travel tickets smart tokens have immediate benefits like fast transactions, instant settlements, and more efficient collaboration between all the parties.
Flight cancellations and autonomous settlement can still be done for domestic flights in 2021