Token-Based Digital Currency Model for Aviation Technical Support as a Service Platforms

Igor Kabashkin (), Vladimir Perekrestov and Maksim Pivovar
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Igor Kabashkin: Engineering Faculty, Transport and Telecommunication Institute, Lauvas iela 2, LV-1019 Riga, Latvia
Vladimir Perekrestov: Sky Net Technics, Business Center 03, Ras Al-Khaimah B04-223, United Arab Emirates
Maksim Pivovar: Sky Net Technics, Business Center 03, Ras Al-Khaimah B04-223, United Arab Emirates

Mathematics, 2025, vol. 13, issue 8, 1-35

Abstract: This paper introduces a token-based digital currency (TBDC) model for standardizing service delivery in an aviation technical support as a service (ATSaaS) platform. The model addresses the challenges of service standardization and valuation by integrating cost, time, and quality parameters into a unified framework. Unlike traditional cryptocurrencies, this specialized digital currency incorporates intrinsic service valuation mechanisms that dynamically reflect the worth of aviation technical support services. The research presents a mathematical formulation for token value calculation, including a Service Passport framework for comprehensive documentation and a systematic approach for service integration. The model is validated through a numerical case study focusing on maintenance, repair, and overhaul services, demonstrating its effectiveness in generating fair token values across diverse service types. The study introduces optimization techniques using machine learning to enhance token calculations, successfully standardizing heterogeneous services while maintaining flexibility and transparency. Implementation challenges and future developments are identified. The TBDC model provides a foundation for transforming aviation technical support services, particularly benefiting small airlines through improved efficiency, standardization, and accessibility.

Keywords: aviation technical support as a service; token-based model; digital currency; multi-criteria optimization; digital platform; machine learning optimization; maintenance; service passport; digital economy (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2025
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