Press Release

Issued by PartsBase.

March 26, 2018

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.

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. It's been the premier aviation marketplace for 20 years, with 7500 customers in 194 nations. As a trusted intermediary, it is 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.”