Here’s our 52th AMA recap!
Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with Earhart on March 5, 2021. This guest star,
- Luis Santos — CEO
Introduction
Super,
Well, my name is Luis, and I’m currently based in Portugal. I have more than 15+ years experience in the aviation industry. From airlines, to airworthiness organizations, also from MRO’s and aircrafts manufacturers. I also am a PhD in Aeronautical Engineering.
Q1: Could you please give us a simple introduction of Earhart?
Super,
Earhart is a project that aims to ease aviation industry processes and solve problems within the aviation ecosystem. The regulatory framework is hard but we already pass that phase and we have been recognized as compliant. We have created a very innovative concept of Proof of Airworthiness which is a big step forward in the aviation industry regarding safety and processes.
Q2. What makes Earhart special? How is Earhart better than other platform?
Super,
Earhart will connect the aviation industry information and centralized ledgers worldwide (aka databases). There isn’t any project that came so far as we did, so we are making a path that nobody yet did within the aviation ecosystem. We also start the project together with the regulators, much time before the token and project exists. So we can say that we have started following the correct path and following the correct guidelines within all existing procedures and requirements within the aviation industry. Regarding other platforms for aviation, no other came to the point of being recognized by the regulators or by the industry as we did.
Q3. What are the Business Objectives, Market and Target audience of Earhart?
Super,
We will bring blockchain directly to industry adoption. Blockchain projects need industry adoption to become a valid technology and we are doing our share. We are aiming essentially the aviation industry ecosystem.
Q4. About EHT (Earhart Tokens), can you explain about the tokenomics and use-cases of this token? how much supply is available? where will the token be allocated?
Super,
The token use case is all about the monetization of the information. We are also tailoring the token with NFT properties to ensure that only valid data is transitioned. We have 1B tokens. And we have split into several different phases. I believe its better for all to check the tokenomics in our white paper, very detailed information is given there.
Q5. Can you please tell us the current Earhart road map? How far has Earhart been developed at this time? and what will you realize in the future?
Super,
We are building now the platform. And our focus is in the development. We have reach an agreement with NULS to develop the backend part, being Earhart responsible for the frontend and customer deployment. So, development will speed up a lot. We are already working with several aviation industry players to have a solution deployed still in 2021. So I can really say that everything is within schedule. For the future we aim to be the worldwide principal mean of data exchange and monetized information within the aviation industry. The players that we are working with are very excited since they can reduce their processes cost by a lot. And this is the best time to enter the aviation industry with new technologies that aim reducing costs.
TWITTER QUESTIONS
Q1. Currently, NULS is a major partner of EarhartSolution.. so What positive results can be expected from this partnership, will we see new partnerships, and what big different steps will Earhart Solution make in the future?
Super,
The partnership has been strength in the last week. NULS will be in charge of the development of the backend part of the Earhart solution. And Earhart will be in charge of the frontend development and customer deployment. Earhart is aiming very high. We have been recognized as compliant with all aviation regulations, which is already a great achievement, because aviation has the second most regulated ecosystem, standing only behind the nuclear. Next phase and most important will be the institutional (industry) adoption. When the first module is deployed, many partners will be presented, some of them will amaze all of you.
Q2. What is the idea behind the name EARHART and why did you choose it?
Super,
Amelia Earhart was an aviation pioneer. And she broke many barriers in an industry and technology dominated then by men. She also had great attributes. She was very dedicated, very resilient and very courageous. We identify ourselves with all these attributes, and is also a way to praise some tribute to her and to her achievements.
Q3. I’ve read your roadmap, and i found various explanations about blocks that were a little complicated for me, Then can you briefly explain to us about these blocks? Why does EarHart need so many blocks on its platform?
Super,
Each block, the way we call it, is a different aviation organization, there are authorities, regulators, licenses, Airworthiness management organizations, maintenance, OEM and Flight Data. Dividing all processes in blocks is the best way to ease everything and speed up the development.
Q4. What are the EASA and FAA requirements regulations? how is Earthart capable of data transfer and aerial recording around the world? how does Earhart comply with a broad set of international Aviation standards and regulations?
Super,
EASA and FAA have a huge set of requirements. Earhart is capable of transferring data, because is developing a hybrid system to connect the centralized ledgers to Earhart platform and then to blockchain. We have complied with all set of regulations because we did that job even before the token exists. We had several meetings with the regulators to clarify everything and a green light was given to us. After our meetings, the regulator even add regulation about a Universal Mean of Exchange Data within aviation ecosystem 😉
Q5. What are Certifications Block, Authorities Block, Regulators Block, Airworthiness Block, OEM’s Block, Operations Block and Service Center Block? How does the Earhart process the connect from the database to the blockchain? Can you explain in simple terms to us?
Super,
Certification is where goes all individual and company certifications. Authorities and regulators are where all requirements and rules go and also where they approve all requests. Airworthiness is where all the airworthiness data is. OEM is the same but for manufacturers. Operations is where is logged all the details about the flights. And service centers are related to the maintenance.
TELEGRAM QUESTIONS
Q1. From @Densoia
Blockchain technology is being explored in other contexts where immutability and data security are of utmost importance. How does Earhart safeguard and secure? Can Earhart keep the data security of its users?
Super,
Data will be encrypted and secure using NFTs. So all data remains secured and autenticated until the owner decides.
Q2. From @justatee
Adoption and utility is the key , what plans are in place to drive global adoption ???
Super,
The plan is very simple. When you show to industry that they can reduce cost and increse their processes efficiency, they will be interested.
Q3. From @kelly0802
Everyone values projects with long-term benefits over short-term benefits. So what does Earhart do to ensure long-term benefits?
Super,
With industry adoption comes the increase in the value of the technology. So in the long term, the value of the technology tends to increase. We are here on the verge of a worldwide adoption of a new tech and you are all early adopters.
Q4. From @Densoia
What your plans in place for global expansion, are Earhart focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?
Super,
Focus is in the development. Aviation does not FOMO into new technologies. You need to show them first that you can solve problems, like we are doing, even for a long time before project saw the light in past october.
Q5. From @KaoVaer
At this point, do you think you need exchanges as a binance to keep growing? Or is it better to forget those things and focus on other activities? Marketing of Earhart As we know that every project in crypto needs Adoption for growth So, what are the Future plans of Earhart For Mass Adoption?
Super,
We need first to have a product. We are focused in product development. When we have that, the exchanges will come. But yes, we are already working into the financial background to be recognized by EU central bank. We have hired very good consultants to deal with that part. So, we will be in all fronts of regulation, both industry and financial.
Q6. From @FanDefi
Can you introduce the Earhart ecosystem? What services / infrastructure does the Earhart ecosystem include and what the project is headed for?
Super,
The ecosystem is the aviation industry. And we are dealing with an intense market which will grow a lot in the following years after these pandemics. And they will adopt new technologies to ease everything. They are looking for these Industry 4.0 Technologies as we speak.
Q7. From @CSNDer0
Are you a global project or local project? Can anybody anywhere use Your project without any restrictions??
Super,
Global and decentralized. All industry can participate and we already have some early adopters from the industry.
Q8. From @cadouof
What do you think about the boom of the NFT + DeFi association that is causing so much interest in the world? How does Your project take advantage of and exploit this reality?
Super,
NFT is very important to us because is the way we can ensure that the data is unique and not counterfeit. And we use it in our sollution.
Q9. From @chaiuzbui
What is the vision and mission of EARHART ? What problems are you to solve? Do these problems remain unsolved with the existing public blockchains??
Super,
You need to check our white paper. Everything is well explained there. All usecases and how we plan to solve all the problems.
Q10. From @Densoia
Apparently, many blockchain projects are not solving any real problem, they just exist to sell their tokens. What problems exactly is Earhart solving, and solutions are you provide?
Super,
Please check our white paper. All aviation solutions that we are presenting are there. We already have already announced aviation partners and many working with us behind the scenes.
Q11. From @cadouof
Now that technology is changing every second, are you afraid that in the future Earhart will lag behind new projects with newer technologies? Do you have a plan for this?
Super,
No afraid at all. We have take the lead. And we are already working with the industry and regulators. I was afraid if there were nobody wanting to work with us and if didnt take care of the regulations first.
Q12. From @Ganlor
If anybody thinks your project really likes a scam project, and they can’t trust this project. How do you make them believe in your project?
Super,
We have already the industry working with us. Do you think that regulators and industry worked with us if we where a scam? We have achieved a great goal of being recognized by regulators and industry. The hardest part is already done. Now is deploying all the products, and you all we have nice surprise when adoption will come out.
Q13. From @chaiuzbui
As crypto users we don’t want to lose our assets to some scam projects that run away and disappear with our money so why should we invest in the EARHART as a long-term investment??
Super,
Nice questions. You can earn Earhart token, EHT from the NULS POCM platform. Investors never risk their investment. They stake NULS and Earn EHT tokens. The NULS never leave the investor control, so we can’t touch or control in your investments/token. Is 100% secure and very transparent platform.
Q14. From @CSNDer0
Did you raise funds so far? If so, how did you handle them? Are you planning to do any f Plasm re raises??
Super,
All the funds we have raised are still untouched. We are paying all costs with our personal money. The investments are to pay for the consultant that we work together with the Portuguese and European central bank.
Q15. From @Densoia
What do you think is the biggest problem Earhart will solve which is not solved by other projects and why is the problem important to solve?
Super,
It will sove the aviation records problem. Please check our white paper for the detailed information.
Q16. From @cadouof
What are your plans for the nearest year in terms of marketing and business development? How do you plan to expand the network, community, partnerships, etc? Why Earhartuld investors enter your ecosystem?
Super,
To deploy our solution across the world.
Q17. From @KaoVaer
How does Earhart offer strong incentives for traders/investors to join the network? Why is it a good option to choose Earhart among the hundreds of DeFi coins that currently exist?
Super,
Earhart has a real product and are working with real companies.
Q18. From @Ganlor
Could you please tell me just a little more about the team and some of their backgrounds? I have personally seen many projects launch with inexperienced team members, and some of those didn’t go so well due to easily avoidable mistakes.
Super,
I have more than 15+ year experience in aviation. After there are the dev team which are also quite experienced in technology and big data solutions. Please check our website for more information about the team.
Q19. From @bropropher
To generate a token, its easy, but to make its valuable, can be difficult. Beside building strong community, developing mainnet function, what else can Earhart do to make EHT more valuable?
Super,
Industry adoption as we are already achieving.
Q20. From @zzcuna
All project coins have their main Utilities & real-life usecase! So, Can you tell us what are the main role of your coin in your ecosystem? Explain it’s Utilities & Real-Life usecases? and Why should i invest in your coin for long term??
Super,
In the monetization and control of authentication of information. Since has NFT properties, they ensure that all data is unique and genuine.
Q21. From @Ganlor
Where can I buy $ Earhart ? Also, what are the benefits in the long-term for stakeholders? Why Earhartuld we invest in $ Earhart ?
Super,
You can buy it in Nerve DEX and also stake NULS in POCM platform to earn EHT. alll under your control without risking your investment since NULS tokens never leave your control.
Q22. From @Densoia
A good project always has competition and duplication of ideas. What does Earhart think about this issue? What is the long-term vision of Earhart in the blockchain market to keep up with the trends with technology, community and related issues?
Super,
No competitours up to know. If they appear they need first to pass the regulators as we already did.
Q23. From @chaiuzbui
Currently most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some advice why they should buy and hold this token/coin in the long term??
Super,
You are all early adopters of this tech. When industry come they will make the EHT much more valuable.
Q24. From @KaoVaer
As we know, every successful project has a few stories behind the scenes, what’s the story behind Earhart success? What was that vision when it first emerged as an idea? Are there any special prototypes or upcoming Earhart updates that you want to Earhartw/share with us?
Super,
Earhart started back in 2015. And the token only was created in last october. So we have done many work in the background.
Q25. From @kelly0802
Why did you choose the project called Earhart? Where do you get inspiration from?
Super,
From Amelia Earhart. Please check wikipedia.
Q26. From @Shalloon
What makes Earhart standout in comparison to other blockchain projects?
Super,
We have regulators approval and industry adoption.
Q27. From @Densoia
I saw many people said that NFTs are the next ‘Trend’. I also saw some use-cases of NFTs in crypto space. How do you think about the evolution of NFTs in crypto space and the real world?does Earhart launch any NFT in future??I am excited for Earhart NFT
Super,
Yes. EHT will have NFT properties to ensure all the data is authentic and from credenciated players.
Q28. From @kintrzis
What kind of use-cases does the EARHART token have? What kind of value does it play and bring to EARHART ecosystem??
Super,
Please check our white paper. All information is there.
Q29. From @Ganlor
Blockchain technology is being explored in other contexts where immutability and data security are of utmost importance. How does Earhart safeguard and secure? Can Earhart keep the data security of its users?
Super,
Yes. Blockchain is immutable.
Q30. From @FanDefi
Can you introduce the Earhart ecosystem? What services / infrastructure does the Earhart ecosystem include and what the project is headed for?
Super,
Check our white paper
Q31. From @zzcuna
As we know, By the Token price many people judge a project, What do you have to Say to investors? What’s the plan to increase the Token Demand??
Super,
Adoption by the industry.
Q32. From @Ganlor
Can you name some of Earhart ‘s key achievements and what milestones are you currently working on?
Super,
Recognition from the regulators and industry.
Q33. From @Densoia
Where can I buy $ Earhart ? Also, what are the benefits in the long-term for stakeholders? Why Earhartuld we invest in $ Earhart ?
Super,
In Nerve Dex or Staking NULS into POCM NULS Platform.
Q34. From @chaiuzbui
How do we invest in the project? Do we have locking period or a minimum requirement to be eligible?
Super,
You can stake NULS into Earhart project in the POCM platform.
- Telegram : https://t.me/EarhartSolution
- Twitter : https://twitter.com/earhartsolution
- Website : http://earhart.dev
- Medium : https://medium.com/@EarhartSolution
- Linkedin : https://www.linkedin.com/in/earhart-solution-a412941b6/
- Instagram : http://instagram.com/earhartsolution
- Facebook : https://www.facebook.com/earhartsolution/
Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about Earhart.
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