Vodafone DAB and Aventus collaborate to drive Web3 blockchain adoption in the Economy of Things, targeting aviation security and global reach
In a remarkable step towards embracing Web3 technology, Vodafone’s ‘Economy of Things’ Digital Asset Broker (DAB) business has joined forces with Aventus, a trailblazer in Web3 adoption. This collaborative effort aims to empower enterprises by leveraging blockchain-based technologies within the emerging Economy of Things.
The collaboration between Vodafone DAB and Aventus centers on bolstering security and reliability within the aviation sector’s supply chain. Their joint efforts focus on developing a solution that integrates blockchain-enabled SIM cards for cargo tracking pods directly into the DAB platform. The innovative approach seeks to address the staggering annual losses of 5%-10% in cargo pods, which translates to around $400 million in industry losses.
The partnership builds upon Aventus’ proven success in implementing blockchain solutions at Heathrow Airport, where they currently manage aircraft unit load devices, optimizing luggage, freight, and mail tracking. Jorge Bento, the CEO of Vodafone DAB, emphasizes the partnership’s potential to facilitate the secure adoption of Web3 services, stating,
Addressing the needs of the airlines is a start, and we look forward to exploring many other opportunities with Aventus.
Transformative Potential Of Blockchain, Iot, And Web3
Aventus excels in providing secure solutions that blend IoT and trusted public blockchains, creating a digital record of online transactions. Through this collaboration, a bridge will be established between Vodafone DAB and the Aventus Network, seamlessly integrating with the broader blockchain ecosystem through the Polkadot platform.
Alan Vey, the founder & CEO of Aventus, shares the sentiment, emphasizing the transformative power of merging Blockchain, IoT, and Web3. He states,
Those willing to understand and leverage it today have the unique opportunity to shape tomorrow’s digital landscape.
The integration will enable Vodafone DAB’s business clients and strategic partners to access multiple trusted public blockchains in a controlled and secure manner, using the DAB IoT Identity Passport. Each trusted device linked to Vodafone DAB receives a unique identity passport, facilitating secure data and financial exchanges across various organizations and ecosystems.
Vodafone DAB, having transitioned into a standalone business in May, is committed to contributing to the Aventus Network as a validator. This move will strengthen network security and advance the cause of decentralization. Both Vodafone DAB and Aventus view interoperability as a key factor in unlocking the complete potential of blockchain technology, propelling the new economy of things forward.
With Vodafone DAB’s extensive reach of over 160 million connections worldwide, this partnership holds immense promise in enabling businesses to leverage Web3 benefits on a global scale. The collaboration seeks to revolutionize data exchange and trading, solidifying blockchain-based solutions as a cornerstone in the Economy of Things. By embracing the potential of Web3 technology, Vodafone and Aventus are paving the way for a more secure and connected future in global trade.