SUPPLY CHAIN MANAGEMENT : LURKING INNOVATION . -- GSCP - Genesis Supply Chain Platform - An Innovative Application for Industrial Supply Chain Management

INTRODUCTION:

The investment market have experience a huge innovation in digital alternatives, it is a storm which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Genesis Supply Chain Platform, a company incorporated in France which aims to solve current issues in the supply chain industry has arrived.

Supply chains today can be managed by all the links to creating and distributing goods—is extraordinarily complex. Depending on the product, the supply chain can span over hundreds of stages, multiple geographical (international) locations, a multitude of invoices and payments, have several individuals and entities involved, and extend over months of time. Due to the complexity and lack of transparency of our current supply chains, there is interest in how blockchains might transform the supply chain and logistics industry.

While the most prominent use of blockchain is in the cryptocurrency, Bitcoin, the reality is that blockchain essentially a distributed, digital ledger has many applications and can be used for any exchange, agreements/contracts, tracking and, of course, payment. Since every transaction is recorded on a block and across multiple copies of the ledger that are distributed over many nodes (computers), it is highly transparent. It’s also highly secure since every block links to the one before it and after it. There is not one central authority over the blockchain, and it’s extremely efficient and scalable. Ultimately, blockchain can increase the efficiency and transparency of supply chains and positively impact everything from warehousing to delivery to payment. Chain of command is essential for many things, and blockchain has the chain of command built in."

GSC ERP 3.0 will adapt to any company, regardless of its activity area or its size and substantially improve purchaser's efficiency. The company will increase its mark-up without a need for weighty contribution nor modifying its intern processes.
But before we go any further, please check out this video presentation to get even more acquainted

Now that I have your attention, let’s get right to it.

What exactly is Genesis Supply Chain Platform?

As depicted above, Genesis Supply Chain Platform is a company incorporated in France which aims to solve current issues in the supply chain industry.
In addition, the GSC Platform team believes in the evolutionary potential that blockchain can provide to the detail tracking processes, logistics and buyers. The GSC platform will improve security and reduce costs in the aviation supply chain sector.
GSC is building with the industry-leading ETH (Ethereum) platform which is the premiere pioneer in smart contracts technology. The Ethereum platform offers the best development tools and the highest level of security in a smart contract platform. Ethereum is the future of smart contracts and blockchain technology and we are proud to build on such a cutting edge platform.

The Aim

GSC main aim is to give its users the most efficient technology with tools adapted to their daily work, and last but not least, user-friendly.

The Mission

The mission of Genesis Supply Chain Platform has been to bring the benefits of blockchain technology to bear on the aviation market to benefit suppliers, purchasers, regulators, and many other stakeholders in the industry. The project team is excited to announce that because of a significant demand they are expanding the scope to accommodate other industries. Many investors and potential users are engaging us on the “smart purchasing” functionality of the system and we will be implementing this functionality prior to our parts traceability platform.
At the heart of this expanded functionality is the GSCP token, which will be utilized to execute contracts and quickly facilitate purchases.

The Impending Challenges

The primary expenses facing companies are related to purchases and consume up to 80% of the total budget. The current supply chain process is full of tedious and time consuming tasks for the purchasing department. The lack of transparency (parts certification-counterfeited parts), speed, security, and automation can lead to huge losses for companies and cause catastrophic delays in their sales, and can even jeopardize their customers safety.

The Solution Offered - Simply put, WHY GSCP STANDS OUT!
GSCP provides to businesses a blockchain backed purchasing management software to give them a simple way to handle their supply chain process. Businesses will be autonomous to improve their sale margins and secure their own data.

ACCORDING TO THE OFFICIAL WHITEPAPER, BELOW ARE THE BENEFITS GSCP IS BRINGING TO THE CRYPTOSPHERE:

Benefits of the blockchain solution from GSC Platform
Immutability and relevance of information.
Tool safety – tamper-proof data
Relationships between partners improved over the long term through trust.
Benefits for the buyer
Development of a multi-sourcing.
Increased reliability and trust (certified documents / automated process).
Significant reduction in ordering, administrative and accounting costs related to purchases.
Significant reduction in the time required to complete a purchase order.
Simplified monitoring of your supplier portfolio thanks to the personalized dashboard.
Benefits for the supplier
Better business visibility.

Improvement of reputation (accreditation by buyers / ratings)
Global sales follow-up on the performance tracking scoreboard with the customer action plans to implement.

Reduction of prospecting expenses.
Increase sales security (control of customer creditworthiness and accounting follow-up).
Benefits for the carrier / freight forwarder:
Better business visibility.
Improvement of reputation (accreditation by buyers / ratings)
Global sales follow-up on the performance tracking scoreboard with the customer action plans to implement.

Reduction of prospecting expenses.
Increase sales security (control of customer creditworthiness and accounting follow-up).

The Use of GSCP Token
GSCP token is the gas of blockchain technology GSC ERP 3.0: it gives access to innovation and services offered by GSC Platform to its users. GSC Platform offers user interface as clear and easy as possible, meaning the use of blockchain is only limited to a few click: every advantage of the blockchain accessible to everyone.
GSC platform gives an immediate payment via GSCP tokens.

Thanks to Parts Traceability service, users can follow up the complete traceability of a part life cycle by using GSCP tokens.

Users supplying data (traceability) are rewarded with GSCP tokensby GSC Platform.