Genesis Supply Chain Platform

INTRODUCTION

The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is: What is Blockchain?

By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, (Buy Bitcoin) the tech community is now finding other potential uses for the technology.

Bitcoin has been called “digital gold,” and for a good reason. To date, the total value of the currency is close to $112 billion US. And blockchains can make other types of digital value. Like the internet (or your car), you don’t need to know how the blockchain works to use it. However, having a basic knowledge of this new technology shows why it’s considered revolutionary. So, I hope you enjoy this before proceeding. 

WHAT IS GSC PLATFORM ALL ABOUT

Genesis Supply Chain Platform is a company based in France. We are developing a supply chain solution to improve flight safety and streamline processes for Aviation Industry.

We will first focus on the Aviation industry and then roll out our platform to the Automotive sector and Rail.

The goal of GSCP is to simplify the processes involved in managing the supply chain and improve flight safety with end to end parts tracking from manufacture to installation using the blockchain. We will provide suppliers and buyers efficient and powerful technical tools that will enable them to streamline and secure their internal processes. GSCP will expand buyers and sellers reach through our global marketplace. By incorporating the blockchain we will be able to take advantage of the security and speed in transactions and to keep immutable records for the lifetime of parts.

Initially, our platform users are the buyers and suppliers in the aeronautical field or suppliers which offer goods and services on indirect purchase for this industry. The organizations in charge of the airworthiness monitoring (CAMO), MRO et airlines who control and monitor pieces installed on planes and want to anticipate their supply and subcontracting as well as improve their clients’ safety flights.

Finally the aeronautical authorities around the world can confirm informations through the Blockchain using GSC Platform to dispel doubt after an audit for example.

The GSC Aviation platform launch will be effective on 2019 Q1 after it passes all the tests by aeronautical professionals. It will be done in partnership with Christophe Costes (FlyDynamics CEO) so it can match perfectly with clients expectations.

By increasing the efficiency of supply chain processes, the platform allows buyers to save valuable time and focus on strategic purchases and added value for companies. GSC, a durable solution, is inexpensive and easy to set up. It enables you to realize economies of scale in the long term.

Blockchain technology provide the perfect traceability of all the available equipment in the GSC Aviation database. Secured, unforgeable, and instantly available. This reliable and accurate information will bring a total security guarantee for all MRO’s and airlines. In this way aviation accidents due to human error will substantially decrease. Moreover GSC Aviation’s use of the blockchain will allow the access of all the pieces and equipment’s documents through their life cycle, from creation to its retirement.

The perpetual growth of the Aeronautical Sector combined with a traditional approach to managing the supply chain, constrains the actors in the industry. There are new technological solutions that can secure supply chains and streamline company processes.

We believe in the evolutionary potential the blockchain can provide to parts tracking, logistics and purchaser processes. The GSC Platform will improve safety and reduce costs in the Aeronautical supply chain sector.

Our goal is to improve flight safety and allow economies of scale for aerospace industry players by optimizing the supply chain as a whole.

What Aviation Companies stand to gain with GSC

Reduced Time

One of the big advantages of using GSC Platform to solve parts traceability in aviation is the increase in results that are realized in such a small time frame. Since information entered on a blockchain ledger is available in real time, all information about the aircraft including all mechanical parts can be checked up on the database and results will be shown immediately drastically reducing the time needed to check through traditional files or details.

Reduced Cost

Another advantage to mention is that it is cost effective. Management of database using GSC ERP 3.0 on blockchain reduces cost and saves resources. All information and details needed are readily available on the ledger with the help of smart contracts. There is no need to pay extra for different sections and areas in traceability or information storage, everything has been saved and incorporated as one.

Safer Parts

Parts tracing is critical for several sectors such as aviation given the significant losses for companies in the event of repair or refund for damages. A forged electronic part on an aircraft engine can lead to a failure and will need for the aircraft to be recalled, generating a tremendous financial loss for the airline. But above all, errors in traceability follow-up for parts can cost human lives: airplane crash, train derailment. Thanks to Parts Traceability Blockchain technology, GSC Platform solves this loophole by supplying a total traceability of parts, components and raw materials and adding making checks to know parts fit for use. The GSC Platform solution utilizes data science to determine when parts fail, why they fail, which MRO/shop is able to repair it, and where you can buy a similar part on our IT Platform through the database and RFQ module. Warnings are automatically sent with alerts to users in order to do predictive maintenance through predictive purchases automated with Smart Purchases.

Instant Access

The GSC Platform fixes a significant issue in the aviation industry where parts cannot be installed without accurate plans. For example, with an AOG, the technician may have a 3D printer but not the technical plan of the part to print and can not release the aircraft, which can cause delays or add pressure to purchase substandard or fraudulent parts or perform a repair using inaccurate information. Currently in order to get these plans from the manufacturer you can wait from some hours to few days depending on your supplier availability. Plans and procedures stored on the GSC Platform offer instant access for technicians everywhere on the planet.

GSC Aviation platform

Immediate embarkation for an optimized supply chain

Quick Search

Thanks to a search module the GSC aviation platform allows you to find suppliers close to you. Thanks to a search engine-indexed rating system, top-rated vendors appear first in your results.

Optimized Discovery

The detailed identity cards stored in the database allow you to quickly access the information of each supplier.

Centralized Tender

According to your need (s) of items and services, select the suppliers and the determining criteria of your choice and make a call for tenders in a few clicks.

Regular and Efficient Supplier Tracking

The GSC platform provides each buyer with a dashboard listing information about the supplier and their past collaborations. This technical and easy-to-use tool for the buyer allows them to save time and concentrate on strategic purchases and tasks with higher added value for his company.

GSC Aviation Blockchain

Control & Traceability

To manage planned equipment obsolescence, information is stored and secured in the GSC Aviation Blockchain. The Blockchain is able to alert its MRO, Airlines and CAMO customers to the inspections and tests to be performed on each parts. The visibility of this information also makes it possible to anticipate the ordering of a part at the end of potential and thus to achieve effective sourcing with optimal purchasing conditions.

GSC Aviation’s Blockchain technology is used to store and secure the entire life cycle of an aeronautical parts. From manufacturing to airplane installation, through general inspections, repairs or overhauls in the workshop, it’s possible to consult all the procedures performed. Thanks to Blockchain technology and the perfect traceability of aerospace parts, aircraft are safer and passenger and crew safety is enhanced.

Author

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