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ALLN Networking Token: The World’s First Airline and Life Blockchain Asset is Taiwan’s First Case of Applying Blockchain to the Real Economy

Vlad Poptamas

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Photo credits: Luis Montalvan
Reading Time: 2 minutes

The ALLN Networking Token issued by Huafu Enterprise Holdings Limited, began their collaboration with Far Eastern Air Transport in August 2018, announcing the world’s first aviation tourism blockchain asset. It is also Taiwan’s first blockchain asset applied to the real economy, making it an unprecedented case in Taiwan’s aviation, tourism, and economic industry.

Huafu Enterprise Holdings Limited ALLN Networking Token is propelling Taiwan’s economy to escalate once again in Asia by delivering four “firsts”:

  • The first aviation company in Taiwan to use blockchain in the real economy.
  • The first aviation company and token to be in alliance with the biggest blockchain incubator, M.O.B.C.
  • The first aviation tourism digital asset (ALLN) to partner with Southeast Asia’s biggest digital asset exchange MBAex.
  • The first token to collaborate with MAXONROW, the world’s first blockchain with an instant Know Your Customer process, optimizing the quality of blockchain assets by using a state of the art identity management framework that can provide instant verification of a customer’s background.

Far Eastern Air Transport: The First Aviation Company in Taiwan to Use Blockchain in the Real Economy

Huafu Enterprise Holdings Limited Chief Operating Officer, Tseng Chin-chih said: “61 years ago, Far Eastern Air Transport became Taiwan’s first aviation company. At the same time, it was also the first company with flights to Mainland China. Now that we have Huafu’s ALLN Networking Token set into action, we are once again pioneers in the world of aviation tourism by applying blockchain technology to the real economy. By setting this example, we look forward to more corporations to join and lead Taiwan’s economy into the next era.”

ALLN is in Alliance with the Largest Blockchain Incubator – M.O.B.C. and Southeast Asia’s Biggest Digital Asset Exchange-MBAex

ALLN Networking Token is actively forming alliances with leading brands in the blockchain industry. ALLN is building seamless partnerships with Southeast Asia’s biggest digital asset exchange MBAex, the world’s biggest blockchain incubator M.O.B.C., and Maxonrow, the world’s first blockchain with Know Your Customer instant verification to be fully compliant with strict policy guidelines and international regulations while allowing users to have full control over their data, making security a top priority.

ALLN is collaborating with Maxonrow, the World’s First Blockchain with KYC/AML

Maxonrow’s CEO for the Asia region, Jin Tai, said: “ALLN is the world’s first aviation tourism blockchain asset, a new milestone for Far Eastern Air Transport and a turning point for Taiwan’s economy. Maxonrow is the world’s first blockchain that can assist the government in legal taxation, legal supervision, verification, and audits. Our Know Your Customer mechanism can be applied to the development of the real economy in any industry and with our alliance with ALLN, we are going to help Taiwan’s economy soar into great heights.”

Editor - With a passion photo photography, webdesign and content, it made sense for me to also integrate news editing and press release publishing. I am also passionate about the car industry, so you will surely find some exciting news reporting from my side about the automotive industry.

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Airlines/Aviation 

Invia Flights Germany Selects Setoo’s Insurance and Protection Platform to Provide Their Consumers a Delightful Customer Journey

Vlad Poptamas

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Photo source: invia.de
Reading Time: 2 minutes

 

Setoo enables Invia Flights Germany, known for brands like fluege.de in the German OTA market, to independently design and distributenew typesof insurance productsthatarepersonalised, transparent, and offerimmediate compensation with no claim process required

Insurance and protection-as-a-service company, Setoo, today announced that its platform was selected by Invia Flights Germany GmbH, an Invia Group company, to provide their consumers a delightful customer journey with a new type of insurance experience that meets the demands of today’s modern consumers.

With Setoo’s platform, Invia Flights Germany can differentiate its customer journey and accelerate its business, turning parametric-based insurance into an online product that is offered like any other e-commerce product. The platform enables contextualizing offerings according to specific travelers and trips, ensuring that the right solution is delivered to the right customer.

“At Invia Flights Germany we pride ourselves in offering our customers perfectly tailored solutions,” said Balint Gyemant, CEO at Invia Flights Germany. “Setoo’s parametric-based platform facilitates our approach, enabling us to serve our customers’ needs even better. We have implemented Setoo’s platform and began offering protections such as flight delay and cancellation. With numerous options to build and test additional new products, we provide more intelligent products within the customer journey. I’m confident we’ll enjoy enhanced brand loyalty and therefore see increased conversions.”

Setoo’s generic platform is IDD and GDPR compliant, allowing e-businesses to create insurance products – covered by insurance companies like AXA – without having to understand insurance regulatory requirements. Based on parametric insurance, e-businesses can create insurance products with one-click underwriting policies that are triggered automatically, dispensing immediate compensation and eliminating the need for filing claims.

“We are proud to be chosen by Invia Flights Germany and are excited to collaborate on delivering insurance and protection products that are relevant and loved by today’s consumers,” said Noam Shapira, Co-CEO at Setoo. “Invia’s innovative and customer-centric approach is impressive, and their customers will be first to benefit from worry and hassle-free insurance products, which cover risks related to exogenous events that could ruin their customer journey.”

To enable e-businesses to provide accurate pricing of insurance products, Setoo taps into external data sources and applies advanced machine learning algorithms, which learn the history of events and enable pricing per specific risk, in real time. Integrated once via a simple set of APIs,
e-businesses can deliver the insurance offerings as part of the customer journey, while benefitting from agility and scalability to build and test any product, optimizing marketing efforts and ensuring maximum conversion rate.

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Airlines/Aviation 

Civic, Aviation Leaders Showcase Viability of Alternative Jet Fuels In Live Demo

Vlad Poptamas

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Photo source: dailynews.com
Reading Time: 5 minutes

 

Today, a coalition of international business aviation organizations joined Los Angeles-area civic leaders to mark a milestone in the development and adoption of sustainable alternative jet fuels (SAJF) through Business Jets Fuel Green: A Step Toward Sustainability.

“We are excited to see our industry demonstrating the viability of sustainable alternative jet fuel at general aviation airports for business aviation users,” said General Aviation Manufacturers Association (GAMA) President and CEO Pete Bunce. “This event will help raise awareness of the safety and accessibility of the fuel, and demonstrate our industry’s commitment to building the necessary demand for SAJF that will be integral to achieving industry climate emissions goals.”

“Today’s ground-breaking event demonstrates that National Air Transportation Association (NATA) members across the supply chain – from fuel suppliers and distributors to aircraft owners and operators – are committed to a future of Sustainable Alternative Jet Fuel,” stated NATA President Gary Dempsey. “Van Nuys Airport was the perfect backdrop for today’s activities, and we appreciate the support of the Van Nuys Airport Association, Los Angeles World Airports and the other coalition members in making ‘Business Jets Fuel Green: A Step Toward Sustainability’ a reality. We look forward to continuing to spread the message of the impact and benefits of SAJF throughout the industry and across the world.”

The day-long series of events included demonstration flights conducted by business aircraft, established Van Nuys Airport as the first general aviation airport in the U.S. to offer SAJF on a trial basis, and served as a model for offering the fuels at other airports.

“As one of the world’s busiest general aviation airports – with 231,000 annual operations supporting diverse private, business and government aviation needs – Van Nuys Airport is committed to leading the way in environmental sustainability,” said Van Nuys Airport Association (VNAA) President Curt Castagna. “The airport’s four fixed-base operators participating in this initiative exemplify the Van Nuys Airport Association’s long history of building collaborative partnerships among industry, business and community stakeholders to achieve meaningful progress and change. We are honored to play a key role in advancing the use of sustainable alternative fuels and reducing greenhouse gas emissions from aircraft at airports across the nation.”

The trial flights, which were first announced at the European Business Aviation Convention & Exhibition (EBACE) in 2018, are an extension of the SAJF initiative, reflecting the industry’s long-standing commitment to emissions reduction, including, among other aims, carbon neutrality from 2020 forward. In conjunction with EBACE, the coalition released the “Business Aviation Guide to the Use of Sustainable Alternative Fuel” to provide a roadmap for the education about, and use of, SAJF.

“This first-ever event focused on business aviation use of SAJF demonstrates the industry’s strong interest in reducing its environmental impacts, particularly its carbon emissions,” commented International Business Aviation Council (IBAC) Director General, Kurt Edwards. “SAJF represents a critical measure to help meet the sector’s global commitment to halve carbon emissions by 2050 relative to 2005 levels. Always at the forefront of innovation, business aviation will be an international leader in taking up and seeing the benefits of this cutting-edge and available technology.”

The success of the trial flights clearly demonstrated three key points:

  1. SAJF are safe and do not impact aircraft performance.
  2. SAJF offer great impact and benefits to the airport and the community, including reduced particulate matter.
  3. SAJF reflect the commitment by business aviation to aircraft carbon reduction.

“Business aviation has long led the way in promoting advances aimed at reducing the industry’s environmental footprint,” said National Business Aviation Association (NBAA) President and CEO Ed Bolen. “We are proud to celebrate this major industry milestone, and look forward to launching SAJF flights in locations around the world.”

The SAJF initiative, developed by a coalition of international aviation organizations, is intended, first, to address a “knowledge gap” on the availability of SAJF and concerns within the industry regarding its safety and, second, to advance the proliferation of alternative jet fuels at all the logical touchpoints: the manufacturers, the ground handlers and the operators, at the regional, national and international levels.

“The commitment of this coalition to continued emissions reduction is one shared across the business aviation sector. In fact, thanks to a continuing focus on emissions, business aircraft today are cleaner, quieter and more fuel-efficient than ever. I am therefore proud to say, on behalf of the European Business Aviation Association (EBAA), that we fully endorse this initiative and appreciate all of the coalition’s efforts and are looking forward to continuing this momentum on the European continent,” said EBAA Secretary-General Athar Husain Khan.

Business Jets Fuel Green: A Step Toward Sustainability was made possible through the efforts of EBAA, GAMA, IBAC, NATA, NBAA and VNAA, in coordination with Avfuel Corporation, Bombardier Business Aircraft, Gevo, Inc., World Energy, World Fuel Services and other industry stakeholders.

“Our industry is uniquely poised to make a huge, positive difference in the fight against climate change – not by changing how much we fly, but by changing how we fuel. SAJF will enable a future of clean, efficient propulsion in business aviation: their advantages are real and current – we can benefit from the regular use of SAJF not just in our lifetime, but immediately, starting today,” said David Coleal, President, Bombardier Business Aircraft and Chair of GAMA’s Environment Committee. “We commend the Van Nuys Airport community for their historic leadership in not only making SAJF accessible for operators, but also for providing an example for other airports to follow. This is how meaningful change begins.”

“Avfuel is proud to support the SAJF initiative with its first full truckload of sustainable alternative jet fuel delivered to a business aviation airport,” said Keith Sawyer, Avfuel’s manager of alternative fuels. “We are committed to helping the industry achieve its goals of carbon neutrality and are pleased with this first step, which proves that SAJF can become a viable option for the industry at large. We are working ardently to secure further sources of the product to champion one of the largest hurdles yet to the initiative, availability. We’re also working with operators who can help us support this initiative by making commitments for the SAJF product—commitments that will drive demand and, hopefully, the supply of the fuel at the production level.”

“This event demonstrates our partnership and mutual commitment with Avfuel to feed the world, sequester carbon dioxide and reduce greenhouse gas emissions,” said Dr. Patrick Gruber, Chief Executive Officer of Gevo. “In our production process, not only do we produce renewable jet fuel, we also can produce large quantities of protein for the food chain and even sequester carbon in the soil. In fact, for every barrel of bio jet fuel produced by Gevo, we could produce approximately 420 pounds of protein and sequester up to 60 pounds of carbon back into the soil. We are planning on expanding our plant in Luverne, MN, to make it capable of producing nearly 10 million gallons per year of our sustainable alcohol-to-jet fuel, and we are putting plans in place for additional sustainable alcohol-to-jet fuel production plants that could even use wood as a feedstock,” continued Dr. Gruber.

“In 2016, World Fuel Services, in partnership with World Energy, became the first to deliver commercially viable SAJF to the aviation industry, and after three years remains the only large-scale distributor,” said Steve Drzymalla, SVP, Business Aviation Bulk Fuel at World Fuel. “Since that time, we have delivered nearly 500K gallons of SAJF to business aviation and over 13M gallons to commercial customers. We are proud to partner with World Energy, whose Paramount, CArefinery is the U.S.’s first and only fully operational, consistent producer of SAJF. Events like today are critical to developing awareness and increasing industry momentum and investment.”­

“Since January 2016, as the only commercial producer globally of SAJF, World Energy has forged partnerships with industries such as general aviation, who are committed to a low-carbon future. World Energy’s SAJF has been independently certified to reduce GHG emissions in excess of 60% relative to petroleum Jet-A. Importantly, turbine criteria pollutants are significantly lowered in a flight’s life-cycle, primarily upon take-off and landing, providing local solutions to airport communities such as Van Nuys,” said Bryan Sherbacow, CCO of World Energy.

Learn more about the SAJF initiative, see a full list of participants and view a video stream of key portions from today’s event at Van Nuys Airport at futureofsustainablefuel.com. Follow business aviation’s commitment to alternative fuels on Twitter and Facebook at #Sustainability.

Coalition Members:

NBAA (National Business Aviation Association)
NATA (National Air Transportation Authority)
GAMA (General Aviation Manufacturers Association)
EBAA (European Business Aviation Association)
IBAC (International Business Aviation Council)

SOURCE Sustainable Alternative Jet Fuels Initiative Coalition

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Aerospace

Collins Aerospace goes supersonic with win on new X-59 QueSST demonstrator aircraft

Betty Tűndik

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The X-59 Quiet Supersonic Technology (QueSST) aircraft is being developed by Lockheed Martin for NASA to collect data that could make supersonic commercial travel over land possible through low sonic boom technology. (Image courtesy of Lockheed Martin.)
Reading Time: 2 minutes

 

In line with its vision to redefine aerospace, Collins Aerospace has been selected by Lockheed Martin to provide avionics for the new X-59 Quiet Supersonic Technology (QueSST) aircraft. The X-59 is being developed by Lockheed Martin for NASA to collect data that could make supersonic commercial travel over land possible through low sonic boom technology. Collins Aerospace is a business unit of United Technologies Corp. (NYSE: UTX).

Collins will provide developmental engineering support to tailor its Pro Line Fusion avionics to the specific requirements of the X-59. By jointly developing software applications side-by-side, Lockheed Martin will receive an optimized solution which will also include Collins’ award-winning touchscreen primary flight displays with tailored multi-function windows, head-up display (HUD) symbology, synthetic vision, ARC-210 communication radios, and a suite of navigation and surveillance equipment. Lockheed Martin will house a System Integration Lab for the Pro Line Fusion avionics at its facility in Palmdale, California.

In addition, Collins will provide a dual multi-spectral enhanced vision system (EVS-3600). In order to achieve supersonic speeds with a low sonic boom signature, the X-59 must have a long and slender shape. This shape also makes a forward-looking window impractical. The EVS-3600 will enable pilots to land in nearly all conditions using advanced visual sensors leveraging long wave, infrared technology.

“Our industry-leading avionics, combined with one of the most advanced EVS cameras in the market, will add to the safety and efficiency of this forward-leaning aircraft,” said Dave Schreck, vice president and general manager for Military Avionics and Helicopters at Collins Aerospace. “We look forward to working with Lockheed Martin and NASA to play an integral role in making quiet supersonic travel over land possible for passengers.”

The X-59, which is expected to take its first flight in 2021, is designed to create a sound about as loud as a car door closing, instead of a sonic boom. It will be used to collect data on the acceptability of the quiet sonic boom generated by the aircraft, helping NASA establish an acceptable commercial supersonic noise standard to overturn current regulations banning supersonic travel over land.

 

 

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