GSC: AN INNOVATIVE APPLICATION FOR INDUSTRIAL SUPPLY CHAIN MANAGEMENT
The GSC Platform leverages blockchain technology to sole the barrier facing the supply chain in aviation industries. The GSC platform aims and helps to safeguard flight safety, provide scalability savings for aircraft industry players by optimizing the supply chain as a whole and providing aeronautical expertise with the help of quality resources and security of blockchcain technology. GSC platform also creates a well detailed identity card which is stored in the GSC database to allow buyers to access information about supplier. The procurement department doesn’t need to waste time and resources searching for important details, all they need to do is to make use of the GSC platform.
SOME OF THE PROBLEMS IDENTIFIED
- Lack of trust and transparency: This is one of the major points identified to be a barrier, most companies do not have the adequate tools to monitor transaction, hence causes lack of transparency and ineffective system.
- Centralized/ government regulation: Another major problem identified is the centralized database/ government regulation. This causes a lot of brouhaha to the ecosystem due to inconsistent rules and regulation.
- Lack of Data Security: This is another barrier seen to be affecting many current supply chain in business around the world, the lack of data security causes brouhaha and hence leads to destruction and no trust amongst both parties.
- No accountability: Current supply chain industry lacks the required technology to account for transaction.
DISTINCTIVNESS OF GSC PLATFORM AND BENEFIT OF BLOCKCHAIN
- The GSC Platform leverages blockchain technology to create a consensus algorithm to ensure smooth transactions, record and payment. It also ensures data security to avoid fraudulent activities.
- The GSCP platform also helps to amalgamate cordial relationship between suppliers and buyers
- The blockchain also helps the aviation platform to record data and transactions or contract in a well secured way.
- GSC Platform also aims to leverage GSC ERP 3.0 blockchain technology to allow companies from different world to use purchase management software to take care of purchases.
- The GSC Platform also leverages blockchain technology to reduce the involvement of middlemen such as the bankers, lawyers. GSCP create decentralized platform where buyers and sellers meet directly and interact to each other in a simple and easy way.
- The GSC platform also provides full traceability of transactions
- The platform also offers high level data security
- Users using the GSC platform will have enough autonomy.
- Users using the GSC Platform will have real time and unlimited access to un-tampered business history.
- Buyers using the GSC platform will enjoy numerous benefits as per the development of a multi-scoring.
- The platform will also help to reduce time to complete a purchase order.
- The GSC platform helps to reduce ordering, administrative and accounting costs related to purchases.
- The platform will help improving reputation.
- The platform will also help to increase sales security.
- The GSC Platform IT platform provides the necessary tools needed by buyer and supplier to manage the supplychain process:
- System of alert: The system of alert is designed to remind the buyer to supply its account with GSCP Tokens before payment deadline as per the smart contract.
- Data analysis and supplier performance follow-up: The GSC Platform also provides an IT platform where buyers can be able to track suppliers using different charts.
- Transactions, administrative data and accountancy storage
The Gensis Supply Chain Token is the fuel of the GSC ERP 3.0 platform that gives user access to all transactions carried out in the GSC platform. The GSCP token is a utility token built on the Ethereum blockchain technology that will be used for payment by GSC across the platform. The GSCP Token can be used to keep track of purchase history and it can be used as a reward for users supplying data. The GSCP token can also be used to trace services.
Token name: GSCP
Token type: ERC20
Token Total Supply: 999,999,999GSCP
Token Available For Sale: 300,000,000 GSCP
- TOKEN SALE- 30%
- ESCROW- 45%
- ADVISORY- 2%
- TEAM -15%
- BOUNTY- 8%
USE OF FUNDS
- IT AND DEVELOPMENT- 70%
- MARKETING- 20%
- RESERVE- 5%
- LEGAL- 5%
For more information about the project visit:
Author’s bountyOx username : Ryan619