As humans, everyday we live involves one form of trading or the other. This actually puts us at risks because we often do not get what we bargain for. It could be in form of obtaining goods of lesser quality or excessive delays on the part of logistics companies. This goes a long way to highlight the state of decay of our supply chain management system. The phrase “Supply Chain Management" can simply be defined as the management of the flow of goods and services from the manufacturer to the final consumer. The goal of supply chain management as a whole is to coordinate all all activities from the obtaining of raw materials and to the delivery of finished goods to the final consumers while minimizing cost and keeping conflict to the barest minimum. This process might actually sound simple, but getting it right is where the problem lies.
I will like to describe a scenario which should serve as a eye opener on the need for an improved supply chain management system. This event occurred in the South-western part of Nigeria in the year 1996. Throughout the month of September, about 16 deaths were recorded after consuming beans, which earned the beans its nickname, ‘killer beans’. This led to widespread fear of beans consumption throughout the whole nation which greatly depleted beans sales in general. Like with every other sector in the country, all we got from the Federal Ministry of Health was silence which greatly deepened the puzzle. The truth of the matter was that no one could tell where the beans originated from or how it got contaminated. This goes a long way to show the flaws with the existing supply chain management systems as it fails to address such concerns. The existing systems do not provide for monitoring of goods along the supply chain. The issue with this is that there is usually no way to understand the stage at which a problem occurred or even how to solve it if need be.
Having convinced you on the need for improved supply chain management, I will like to introduce a project which could have tremendous positive effect on the state of supply chain management.
Introducing Genesis Supply Chain Platform
GSC Platform is a blockchain based supply chain management software for business automation. The platform aims to implement a perfect smart contract use case called Smart Purchases. This technology will offer companies all over the world the opportunity to cut excessive costs and maximize time in their supply chain processes. This will bring security, automation, reliability and speed in businesses to improve sale margins and reduce current issues in the supply chain management industry.
GSC offers numerous benefits to everyone involved in different stages of the supply chain, these includes;
Benefits to the buyer;
- Quality assurance due to the provision of certified documents and automated processing.
- Significant reduction in cost implications of obtaining goods and minimizing of time required to complete a purchase order.
- Monitoring of supplier portfolio due to provision of a personalized dashboard.
Benefits for the supplier;
- Improved reputation due to customer reviews.
- Better business visibility while being able to track the goods purchased by consumers.
- Reduction of prospecting expenses
- Increased sales security.
Benefits for freight forwarder;
- Ability to track customer ratings on services rendered so as to create a basis for service improvement.
- Improved reputation due to customer review.
- Global sales follow-up on the performance tracking scoreboard
with the customer action plans to implement.
Token Usage and Tokenomics of GSC Platform
GSCP token is the driving force behind the GSC Platform and its roles in the ecosystem include;
- Offering of immediate payments within the ecosystem via GSCP tokens.
- Traceability service through the staking of GSCP tokens.
- A reward mechanism for users who share data on the GSC Platform.
Token Ticker- GSCP
Token Type- Utility
PreICO Price- 1 GSCP = 0.025 USD
Price- 1 GSCP = 0.05 USD
Platform- Ethereum
Accepted Currencies- ETH, BTC, LTC, CS, Fiat
Minimum investment- 30 USD
Soft cap- 1,000,000 USD
Hard cap- 9,000,000 USD
Country- France
Whitelist/KYC- KYC
Restricted areas- USA, North Korea, China, Canada, Serbia
Conclusion
Due to the epileptic nature of our supply chain system, I believe the team behind GSC Platform have listened to the cries of the vast majority of the world's population. I have no doubt that GSC Platform could be the one to redefine supply chain management as we know it.
For further information on GSC Platform, you can visit any of the following links;
Official Website: https://www.gscplatform.io
Whitepaper: https://www.gscplatform.io/documents/GSC_WhitePaper_EN.pdf?v=20190120
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