Volavia you fly on a commercial airline, your booking is handled by large scale centralised industry platforms which benefit from the transaction security of clearing houses. Private aviation, an industry with revenues of over $20bn and forecast to rise to more than $33bn, lacks such centralised platforms, instead relying on vulnerable and unsecured methods of operation.
Volavia According to Richard Mumford, Chairman of BACA (Baltic Air Charter Association), the industry is facing numerous challenges: transaction management; payment restrictions; foreign exchange; cybercrime; intercepted payments; and customer privacy. He says.
|Price||1 VOL = USD $0.25|
|Supply||600,000,000 VOL Tokens|
United States of America, People’s Republic of China (except for Hong Kong, Macau and Taiwan), South Korea, Cuba, Iran, North Korea, Syria, Crimea Region
|Minimum Purchase||USD $50 ,000|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
The meta-trends impacting private aviation today
Cybercrime & Security
Cyber attacks occur on daily basis and cost the industry millions. Contractual and payment chains are vulnerable to hackers using stolen financial information or looking to intercept transactions and redirect funds.
FX & Payment Fragmentation
Inflexible payment methods; exchange rate fluctuation; expensive, slow banking systems; and lags between booking and payment, erode margins, result in lost journeys and frustrate customers and operators.
Privacy & Confidentiality
Systems including CRM, invoicing software and email clients are highly vulnerable and attractive to hackers. Data breaches compromise customer confidentiality, damage reputation and can destroy a business.
Secure. Self-contained. Seamless.
Volavia will not compete with existing search, availability and booking service providers. Instead, we will bring these systems together on a decentralised and fully integrated platform.
Volavia consolidates banking, contracts and communications, many of which are currently unsecure and unvulnerable, putting to an end having to access multiple applications in order to fulfil a transaction. Blockchain, by its very nature, removes the attack surface hackers rely on, mitigating risk and optimising efficiency.
Smart. Simple. Stable
Volavia integrates fiat and cryptocurrencies, making the process of trading tokens into fiat currencies and transferring capital quick and simple. Bank clearing houses are removed from the payment chain through peer to peer blockchain transactions, eliminating bank delays, credit card fees and FX exposure. The ability to send payments instantly and 24/7 which cannot be revoked, tackles the issue of fake payments and diverted funds.
Transparent. Immutable. Safe
Volavia Smart Contracts capture bookings, itinerary and payment details on-chain. This provides protection and transparency to all parties, removing the risk of manipulation, bias, or error. This saves time, eliminates gaps in communications and negates having to process documents manually from the ground up each time.
The customer app environment handles all transactions and itineraries in one ecosystem, ensuring privacy and confidentilaity are never comprimised.
Private Aviation is a highly valuable market
Private jet sales are flying high
Sales of executive jets are currently running at around $23B p.a. There are in excell of 21,000 aircraft operating globally with, net of retirements, an increase of 33% over the next 10 years.
Private jet use is increasing
A growth in leisure and corporate use has expanded the customer base to include C-level executives, High Net Worth families, celebrities and sportstars among others.
The digitalisation opportunity
A number of existing providers are using technology to offer availability, search and easier booking – attracting significant investment. But, the need for a foundational enabling layer remains.
Brokers have a crucial role to play
A total to £3bn of charter goes through brokerages. This doesn’t include the leasing market, or fractional ownership plans like NetJets, FlexJet and VistaJet.
VOL and AERU tokens underpin the platform. AERU will not be listed or traded on outside exchanges – it’s purely for industry transactions. The Fiat Gateway exists to allow users to trade in and out of fiat and AERU.
VOL will be the contribution token
Contributors will purchase VOL tokens and will become true stakeholders – contributors, brokers and operators, staff.
VOL token supply will remain scarce and will not be diluted as millions and billions of AERU are minted as the industry grows to serve their transactional purpose.
Staking Rewards mean VOL token holders are rewarded for holding an active ‘stake’ in running the ‘consensus’ protocol for the Volavia network. This encourages the policing of the platform and penalises holders who don’t. Effectively contributors earn their rewards for doing work, rather than merely being a share token holder.
Graham York Founder
Neil Cochrane Founder
Mark Green Founder
Richard Edwards Investor & Partner Relations
Paul Atherton Regulatory Advisor
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