PartsBase to Introduce “Blockchain for Aviation” Concept at April Conference

Creating a cryptocurrency for the entire aviation industry

BOCA RATON, Fla.--()--PartsBase, the world’s largest aviation marketplace, will be discussing AeroCoin, the first aviation industry-specific cryptocurrency at the MROAmericas conference April 10-12, 2018 in Orlando, Florida.

“Blockchain has been big news in the press, but it’s time for blockchain to step up to the plate and solve real world problems”

AeroCoin is designed to be a “smart currency” for buying and selling aviation parts, tracking supply chain and traceability, and managing vendor reputations – all long-term pain points that have hampered the aviation industry. With potentially a trillion dollars in new growth in emerging markets, these new features could play a crucial role.

“Blockchain has been big news in the press, but it’s time for blockchain to step up to the plate and solve real world problems,” says Robert Hammond, CEO of PartsBase, a 25-year technology veteran who has previously led two public companies. “Aviation has major pain points, costing potentially billions of dollars a year, and now this technology gives us the tools we need to fix the problems and expand the market.”

PartsBase isn’t a startup. They’ve been the premier aviation marketplace for 20 years, with 7500 customers in 194 nations. As a trusted intermediary, they are proposing this standard for the entire aviation industry.

“There are many cryptocurrency startups,” says Tom Benson, CEO of Pathfinder, the consulting firm helping design AeroCoin, “but most are small teams with few customers. PartsBase is one of the first examples of an existing company with hundreds of employees and 20 years in business, creating a cryptocurrency fully compliant with applicable laws and regulations, for a half-trillion dollar industry important to the world economy. This is a leap ahead for blockchain.”

About PartsBase:

PartsBase is the world's leader in internet-based part locator services. Our online community includes more than 7,500 companies and 30,000 end-users in the aviation, defense, and aerospace industries.

Our service provides the perfect opportunity for suppliers, distributors, and service providers to reach the most targeted audience in the industry. PartsBase offers complete marketing and digital advertising opportunities to reach aviation and aerospace professionals and enthusiasts while they're in buy and search mode.

Access to members in all facets of the aviation parts business, including major airlines, FBOs, OEMs, distributors, surplus dealers, brokers, military defense centers, charter operations, and MRO stations. In addition, our online community is continually growing as new members join the PartsBase family of aviation and aerospace professionals each day. For more information, please visit www.partsbase.com

How to Participate:

Aviation firms wishing to participate in the AeroCoin project or the Blockchain in Aviation Alliance (BiAA) organization, please contact PartsBase, Inc. at www.partsbase.com or visit https://www.meetup.com/Blockchain-and-Aviation/.

Note:

This communication is not an offer or solicitation to sell securities. This communication is intended solely to describe AeroCoin and matters related to its development and introduction into commerce. The statements contained in this communication are exclusively opinions and forward-looking statements, are made only as of the date of this communication and are not intended to be relied on by any person in connection with such person’s determination to purchase or sell AeroCoin. When made, all offers to purchase AeroCoin will be made solely to persons legally permitted to purchase AeroCoin and will be pursuant to definitive documents and agreements clearly labeled as such and subject to all terms, conditions, disclosures, qualifications and risk factors contained therein.

Contacts

Timepoint Systems
Tom Benson, CEO, 650-539-8950
tom@timepointcap.com
www.timepointcap.com