Block Aero Selected As A Winner for Lufthansa Technik Philippines 2022 Start-up Challenge

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Block Aero Selected As A Winner for Lufthansa Technik Philippines 2022 Start-up Challenge

October 17, 2022

Block Aero continues to lead the aviation blockchain race after being selected as a winner in the Lufthansa Technik Philippines Start-up Challenge.

Lufthansa Technik Philippines (LTP) selected Block Aero as a winner of their 2022 Start-up Challenge powered by Seedstars. The initiative is designed with an objective to accelerate digital transformation of the LTP organisation, while also supporting entrepreneurs looking to apply their solutions to maintenance, repair, and overhaul (MRO) in the aviation industry. Winners are invited to LTP’s headquarters in Manila to start the process and discussion of how their business solutions can improve LTP’s operations.

Over 100 teams from 8 countries participated in the challenge. Block Aero was represented in-person by Founder & CEO, Mr. Todd Siena; Co-Founder & Finance Director, Mr. Lucas Pinoli; and VP of Product, Mr. Carlos Ribeiro.

The judges for the LTP Startup Challenge were LTP President & CEO, Elmar Lutter; LTP CFO & SVP for Finance, Rubi Pioquinto; LTP Deputy CFO & VP for Strategy & Corporate Projects, Stefan Yordanov; LTP Vice-President for IT, Roberto Asuncion; and Seedstars Ambassador & Startup Coach, Artie Lopez.

“You’ve all made the first steps in developing your business ventures, embarking on a journey of trial and error that is expected from every entrepreneur,” shared LTP President & CEO, Elmar Lutter. “I pay my respect to all the startups here today for taking the risk and trying to solve something new. May you all succeed in your missions.”

Mr. Todd Siena commented that it is a proud moment for Block Aero to win the recognition from aviation experts like Lufthansa Technik in addition to early accolades that we have received from Rolls Royce and ST Engineering for our innovative technology. Block Aero’s MRO Manager product offering brings aviation MRO processes from email, XLS, and ERP systems to a distributed ledger environment that easily facilitates Repair Manager coordination of hundreds to thousands of repair orders with customers, vendors, and other partners.

For high-level assets such as aircraft or engines undergoing aircraft disassembly projects or heavy maintenance shop visits, MROs and their partners can visualise all the work-in-process components and any critical issues as they move through the entire repair order lifecycle.

About Lufthansa Technik Philippines
Lufthansa Technik Philippines (LTP) is a joint venture company of Lufthansa Technik AG and MacroAsia Corporation, which offers a wide range of aircraft maintenance, repair, and overhaul (MRO) services to customers worldwide. LTP makes it its mission to ensure that all aircraft leaving its hangars reflect the world-renowned Lufthansa Technik standard of quality, safety, and reliability. A key pillar for its operational success is passion and an ongoing drive to achieve and meet high international standards in terms of quality, health and safety, and environment.

About Seedstars
Seedstars is a Swiss-based private company with a mission to impact people’s lives in emerging markets through technology and entrepreneurship. The group’s activities cover over 90 emerging ecosystems through a variety of initiatives such as the FTxSDG Challenge, previously known as the Seedstars World Competition, which is the largest entrepreneurship competition in emerging markets; Seedstars Programs that are designed to support entrepreneurs in varying stages of growth via training, education, mentoring, and access to resources; Seedstars 01, a talent incubator providing digital skills and startup-based immersive education for the next generation of changemakers; Seedspace, physical coworking spaces and hubs located in 15 countries; and Seedstars International, a global venture capital fund for seed stage startups. For more information, visit www.seedstars.com.

About Block Aero
Block Aero offers a peer-to-peer collaboration platform built to solve problems in aviation asset management. We transform fragmented aviation data into frictionless digital assets with blockchain technology.