The aeronautical industry is a critical element of most economies, and it is vital to always keep it in tip-top shape by conducting regular check-ups by the relevant authorities. However, the information on the quality or maintenance of equipment is not readily available to ensure aircraft worthiness receives the adequate attention.
Overall, this could jeopardize the safety of flights since the traceability of the aeronautical parts is not known and administration remains a cumbersome process.
What Is GSC Aviation?
GSC Aviation aims to eliminate this notion by offering a system that will help gather the relevant information on equipment by using blockchain technology. Apart from securing the information on the blockchain, the GSC platform will enable real-time alerts to MROs, Continuing Airworthiness Management Organizations and airlines on the different aeronautical parts of the aircraft concerned.
GSC Aviation Aeronautical Supply Chain Tracking Features
The GSC solution provides a reliable platform that will enable updating of information regarding relevant aeronautical parts. The platform will work under the following structures:
GSC Aviation Marketplace
With the Maintenance Repair and Overhaul (MRO) markets forming the core of aeronautics, GSC provides a marketplace of aviation parts controlled by regulatory bodies within the world of aviation. That ensures the existence of the safety element since each equipment can be traced back to its origin.
GSC Aviation Database
Although information is necessary for aviation the supply chain for equipment is still not decentralized to accommodate or integrate all participants. GSC platform seeks to eliminate this through the database based on the blockchain. This database will:
- Provide equipment suppliers with identity cards as a means of access to information by the customers
- Source for goods or services necessary for the respective aeronautical need
- Rate buyers and sellers of the aviation parts through the suppliers and purchasers rating system.
- Track and monitor suppliers to ensure transferability in a simple and straightforward manner
- Securely and privately gather information on particular parts and tools within the GSC platform.
GSC Aviation GSCP Token ICO Details
- ICO Date: 24.07.2018 – 24.10.2018
Parameters Of The ICO
- Token- GSCP
- Type- ERC20
- Price in ICO- 1 GSCP = 0.02 EUR
- Min. investment- 100 EUR
- Accepting- ETH, BTC
- Distributed in ICO- 60%
- Soft cap- 4,000,000 EUR
- Hard cap- 46,200,000 EUR
- ICO Token sale- 60%
- Crew- 25%
- Advisory- 2%
- Company reserve- 10%
- Bounty- 3%
Use Of Funds
- IT and development- 70%
- Marketing/Token Growth- 20%
- Security Reserve- 5%
- Legal- 5%
GSC Aviation Conclusion
The use of blockchain technology for aviation is by no means exhaustive, but the GSC platform is a great place to start the new technology in the most crucial stages of aviation, that is the equipment supply chain. The power to harness blockchain could make GSC Aviation a leading example of adopting blockchain technology.