Note: This is not in any way, a financial advice. One is advised to make proper research before investing on any project.
Brief Description of GSC Aviation Platform
The Global Supply Chain (GSC) platform is a platform that hopes to simplify the running processes of various supply chains in huge industrial settings by applying the advantages of the blockchain technology to the equipment supply sectors of these industries. These industries include automotive, railway, aviation and energy. The GSC Platform will focus on restructuring the way the supply chain for these industries work by having a network where buyers are easily connected to suppliers. For the startup of its running operations, the GSC platform will start from the trillion dollar aviation industry, an industry that surprisingly, has not being thoroughly explored by any platform or body in the blockchain network. This will be termed the GSC Aviation Platform. The platform hopes to render solutions to problems such as price discovery, supplier discovery and time management that plague the aeronautical industry by providing a service that ensures buyers easily connect to suppliers with reputable supply track records.
How It Works
The Platform will have a database of suppliers and the general statistics of the equipment they supply (time, distance, quality, and price). An identity card of all suppliers present in the database will be made available to the buyers through their personal dashboard. The buyer selects the cheapest, time saving and most fitting supplier from this identity cards and fills the Request for Quotation (RFQ) module with his required specifications. The RFQ is then sent to all the supplier(s) the buyer need. The supplier, wanting to improve his track rating, will ship the equipment on time at a cheaper cost. Live chats will also be made available to buyers to instantly connect to suppliers with a click. There is a private space on the platform for buyers that gathers all the information and tools of the platform (sourcing suppliers products and services, suppliers recently added to the panel and many others) that allows them have a complete view of the platform at every time and form their own decisions. This is done to save time, stress and costs associated with looking for a supplier. Suppliers, who deliver on time, not only get incentivized but will also get more sales as the platform is designed to recommend such suppliers to buyers.
The GSC Token
The GSC token is a non-mineable ERC-20 token with a limited supply that will serve as the cryptocurrency of the platform. Apart from being used to generate funds during the ICO, hodlers of the GSC token will be exclusively entitled to access data on the GSC Aviation blockchain. They can easily access data about suppliers and determine the type of equipment and services available. Also, suppliers that have positive performance ratings on the supplier performance monitoring tool are rewarded with GSC tokens which can be exchanged for fiat or other cryptocurrencies on a centralized exchange. Partners who actively contribute to the growth of the aviation platform by advertisement or positive feedbacks are also incentivized using the GSC token. Suppliers, MROs, manufacturers that add data to the platforms blockchain also get incentivized to continue to do so using GSC tokens (for any new part that the supplier wants to add, legal documents will be sent to the GSC Aviation Platform to ensure perfect traceability).
The GSC Aviation ICO Process
The GSC Aviation ICO is scheduled to start from June30, 2018 to October 24, 2018.
The total supply of the GSC tokens is 999,999,999 with 599,999,999(60%) being offered for ICO. The Presale will consist of 59,000,000 of the total tokens offered ICO sale and will take place from July 1 to July 24, 2018 with a price of approx. 0.03dollars. Minimum purchase during Presale is 2,200dollars and maximum purchase is 120,000dollars.
The public Sale of the ICO will take place from July 24 2018 to October 24, 2018 or until all tokens are sold. Price would be around 0.06dollars. Minimum purchase is 120dollars and maximum 460,000dollars.
Perhaps, the most interesting fact to note about the GSC ICO is the huge difference between the hard cap and the soft cap. The soft cap is 4,000,000dollars while the hard cap is 46,000,000. According to the team, the huge difference is accorded to the fact that they want to develop the GSC Platform for different Industrial Sectors. 4,000,000 is therefore, the amount needed to develop the GSC aviation Platform.
Here is a simplified explanation of the GSC ICO token sale and distribution
Total Tokens: 999,999,999
Team, Advisors, Crew, Bounty, Reserve: 400,000,000
Total ICO tokens: 599,999,999
Presale tokens- 59,000,000 with price 0.03dollars, (July1- 24, 2018)
Public Sale tokens- 541,000,000 with price 0.06dollars, (July24- Oct 24, 2018)
Conclusion
The GSC aviation Platform will contribute positively to the way the aviation industry works. The platform will work on ensuring perfect traceability of equipment from the manufacturers to the end users (aircraft operators) while maintaining an open and transparent platform through the blockchain network. When applied to other Industrial sectors, the GSC Platform has the power to change the world’s equipment supply chain. Please look forward to this ICO and if there are any questions, don’t hesitate to join the telegram group at https://t.me/gscaviationofficial. Check out the website and whitepaper at https://gscplatform.io
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