GSC Aviation - effective and secure supply of aviation components
Nowadays, air transport is by far the most popular among other types of transport. More than 120,000 aircrafts complete daily flights, and the potential of the aerospace market is 1 trillion dollars. But even with such global volumes of the air market, the aviation network has a number of shortcomings. The lack of air transport for passenger transportation (especially during summer period), the lack of proper control over the quality of air transportation and the performance of aircrafts are among them. The cause of the latter phenomenon is the damage of parts when delivered to the assembly shop or the use of counterfeit products. The price for such cheating and economy is measured in the number of air crashes and dead people. Decentralized GSC Aviation platform proposes to solve this problem through the use of an optimized chain for the supply of aircraft equipment.
Key features of GSC Aviation
GSC Aviation platform is designed to unite buyers and sellers of aviation components on one resource, including aircraft manufacturers. While a transaction, user’s are able to independently coordinate the delivery route, connecting the necessary participants. Blockchain technology and settlements under smart contracts will simplify the interaction between the parties to a transaction and save money on the payment to intermediaries. All users must pass the mandatory KYS-check during the registration to confirm their reputation.
Advantages of GSC Aviation
Blockchain technology used on the platform helps to track the entire delivery cycle of aircraft components for aircraft assembly. The assembly of the aircraft becomes transparent and the project’s user can observe the whole period - from the delivery of the components to the departure of an aircraft to the runway. Transparency can improve the safety of air transport, and, as a result, the safety of passengers and crew.
The evolutionary potential of the project lies in the ability to track the configuration of aircraft components, logistics and the quality of their delivery. Each stage is equipped with GPS sensors and online video monitoring, allowing to check the quality of delivery and to exclude the fact of replacing any component by a counterfeit one.
Moreover, you can optimize the supply chain with the help of the platform, eliminating unnecessary steps or reducing the route. Aviation parts are quite large, and each additional stage of transportation can affect the quality of the product.
With the use of blockchain Smart Purchases, GSC Platform SAS will enable each company to process and create the supply chain process through a comprehensive solution that protects data from unauthorized access. A buyer will develop a contract (the order for purchase), and after agreeing with a supplier and expediter, the contracts will be encrypted, transforming a transaction into a smart contract. Then the whole process will be carried out automatically using blockchain technology. This will save time and money, and the information will be available, safe, unchanged and reliable.
GSC Aviation cryptocurrency
To perform internal calculations, GSCP tokens are used implemented in compliance with the ERC-20 standard on the basis of Ethereum. 60% of all issued cryptocurrency is allocated for the crowdsale. The private sales were successfully completed in August. The preliminary sales are held from 1 to 23 September. The fixed price for one token during this period is 0.03 dollars. The minimum purchase amount is $400. The project's hardcap is $29.1 million. The main crowdsale lasts for 5 months starting from September 24th.
Summary
Thus, GSC Aviation platform is a service that links suppliers and buyers of aviation components on a decentralized platform. Transparency of work, provided by blockchain technology, allows eliminating counterfeit aviation components from the market. Working directly through P2P payments will allow suppliers to cut costs and increase the amount of profits. A user-friendly interface, reliable protection and 24/7 support service will help ensure a comfortable work for the project’s user.
The project was launched in 2017, and currently the development and updating of the existing database is underway. By the middle of 2019, the logistics platform GSC Aviation will be issued, and by 2020 it will be possible to use smart contracts while making purchases and the official version of GSC Automotive Logistics Platform Launch will be released.
Links:
Website: https://gscplatform.io
WhitePaper: https://bit.ly/2NbYqwi
Telegram: https://t.me/GSCAviationOfficial
Facebook: https://www.facebook.com/GSC-Aviation-1525424037579841/
Twitter: https://twitter.com/GSCAviation
Medium: https://medium.com/@gscaviationcm
ANN: https://bitcointalk.org/index.php?topic=4438272.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.