Are you fully prepared to launch your platform and VTOL services?
The plan is that by 2020 air taxi grids will start deployment. There may be test deployments before that. Currently Technology Consortium participants, Bartini and Hepard, are preparing for the test flights of prototypes. Drone Employee already creates smart contracts for autonomous missions. Entrepreneurs have started preparing the infrastructure in the cities. That's the bottom-up incentive in action, exactly what McFly Incubator is for.
Is there any proof of your blockchain running real time?
Own blockchain can be expected very soon. There are serious technical requirements, including the speed of operation and capacity. To the moment Waves and Ethereum were used to generate tokens. Autonomous test flights for small cargo drones were operated through Ethereum smart-contracts by Drone Employee (participant to the Technology Consortium). Other participants to the Consortium, for example, Universa.io, already have running blockchain protocols capable of handling that load.
What is the legal basis of your Token Launch? How will it work globally?
The token is to represent one minute of flight in a new class of aerial vehicle. In terms of certification, requirements, and rules, it should be pointed out that certification is a complex issue comprising several regulatory areas: 1) aircraft certification 2) pilot training and certification 3) in-city small aviation rules 4) architecture and city development standards, including those for landing pads. Most of these issues are being attended to by McFly Chapters in cities, and the definite solutions will depend on the work with local regulators.
Is McFLY token a “utility” token?
McFLY Token serves as an incentive unit for participants of the Incubator’s community. Participants are committed to implement McFLY Token as core technology — a unit of measurement (how devices are used) and settlements (how their services are rewarded). Therefore McFLY Token is a "ticket to ride" business-wise, “ignition key” technologically, and a “record of using the function” economically and legally.
What do you expect, when will regulators in most countries adjust the legislation so that to allow VTOLs to operate as passenger taxi?
Actually they have already started with it. Airspace Dubai tested the system in 2017. FAA is up for testing air taxi in Dallas, SF & LA in 2020. Kitty Hawk is planning to make air taxi in New Zealand in 2021. Our McFly Chapter leader in Perth is communicating with Australia’s Civil Aviation and Safety Authority regarding the regulations.
Has flexibility been built into your business plan to accommodate future unknowns?
That's totally about our project. In terms of technological flexibility, we will use any type of VTOL or other devices suitable for passenger aviation for our air taxi grid. We also develop McFly Chapters in cities of the world to overcome possible social, technical and regulatory issues for the sake of flexibility and scalability.
What is your hard cap?
The ongoing Token Launch, which, within the meaning of our very ambitious goals, is referred to as Phase 1, is capped with 1,8 bn tokens. We provide for the hard caps on how many tokens would become available prior to the air taxi marketplace becomes functional.
After the air taxi marketplace becomes fully functional, the amount of tokens is capped by the amount of total flight minutes which can be served by the devices connected to the grid. The goal is to make the tokens available to as many people as possible, this way attracting more forces to our cause.
How will your platform be able to compete with well-known companies that have already announced air taxi services?
That is exactly why the Incubator was started: to incubate the technology stack and a business system for the urban air taxi with joint effort from many companies and an incentive to work together towards that common goal. Global McFly.aero business and technology incubator aims at facilitating emergence of technology, businesses and experts, i.e.:
- technologies that work together and can comprise transportation grid, connected devices and dispatching/billing software;
- businesses that provide those technologies, as well as entrepreneurs that use them to deploy decentralized marketplaces in their cities and develop other business models on the new market;
- experts that support the above both.
This way, joint effort and decentralisation will allow McFly appear in more cities for less time and less expenditures, which, in case of known centralised companies, will require considerable budget.
Are you sure that the technology and society are ready for such services and you have chosen the right time for launching your project? Isn’t it a premature undertaking?
One might be sceptical of new technology. This is entirely normal, of course. Just recall what once been said about prospectives of television (“Television won't be able to hold on...” 1946 Darryl Zanuck, 20th Century Fox), or, more recently, about personal computers (“There is no reason anyone would want a computer in their home.” 1977 Ken Olsen, Digital Equipment Corporation). Last year, Elon Musk, Founder of Tesla Motors, said “Flying cars have issues...”
Indeed there are issues in areas of technology, business, regulation and market adoption. We hear “You will not make it fly!”, or “It will not be you, who will make the money!”, maybe even “They will never be allowed in cities!” and “People will be afraid to use them!”.
That’s why a global Business and Technology Incubator is required for the air taxi industry. McFly is incubating the Air Taxi Management System and an international community of its developers, operators and final users.
Why now? Because in the 21st Century all technological solutions and required materials are in place. A new type of aircraft is emerging, an affordable urban electric vertical takeoff and landing vehicle. We believe that by efforts to make it consumable as a taxi service, we’re placing ourselves on the right track at the right time.
Why do you use blockchain?
McFly technology is based on blockchain and designed so that a lifetime of an aerial vehicle is tokenised and its use is measured by tokens for all purposes including service and maintenance. It is also an underlying technology to enable a decentralised marketplace for the IoT-connected devices, where every owner of a device can sell its services and get rewarded every time the device is engaged in an orchestrated passenger flight.