With the launch of ALAX imminently around the corner, it’s time to turn our attention to the next project scheduled to be built on DCore, 3IPK.
If you’re a keen follower of our social posts, you might have noticed that Matej recently wrote about his interest in aviation and the potential for blockchain to add real-time value in the industry. The reason for this is simple: we’ve been in discussion with 3IPK about building their mainnet on DCore.
For those who haven’t had a chance to read Matej’s blog, let us quickly catch you up. In the aviation industry, the supply chain is a long, drawn out and complex process. An airplane is essentially made up of parts from dozens, if not hundreds, of suppliers. We’re not just talking about little things like screws, or the handles on a seat, but the metals and coppers that are required to be made out of those screws or handles. At the end of the day, this is a large, metal machine flying through the sky. Therefore, the supplies that go into it have to be of high quality.
There are a couple issues with this at the moment. For starters, tracking premium-grade supplies becomes incredibly complex when it is done at this magnitude. In addition, supplies are often sourced from different corners of the earth, meaning that they have different regulations, protocols, and standards. What might be usable in one country might not be true for another.
Secondly, the authentication of materials requires better verification. With something like 3D printing, one could easily create a supply part and pass it off as a “knock-off”, compared to the real part. This has huge implications aside from an ethical standpoint, as the wrong part used in place of a real part could present a safety hazard.
This is where 3IPK comes in. Created by Maria Capova in Slovakia, 3IPK aims to use blockchain as a solution to mitigate problems during the tracking, authentication, and verification of the supply chain for the aviation industry.
3IPK uses a Smart Dust fingerprint feature that allows for real-time tracking of parts as they move throughout the supply chain, so the end producers know exactly where something is, and more importantly — where it came from at any point in time. This allows for a drastic increase in efficiency and certification which they hope will reduce costs across the board.
By implementing certification originality control in DCore, 3IPK can offer aviation suppliers a set of rules which are immutable. This would, in theory, gradually accelerate the payment and settling process of the supply chain. Think about it, if you’re sourcing supplies from hundreds of suppliers, all with different payment and delivery terms, things can get tricky.
More importantly, settling payments would be delayed, which can be detrimental for cash flow purposes of your suppliers. This is absolutely something blockchain can mitigate. Payment transactions would be automatic once the rules have been complied with, making payments immediate, and more importantly, safe.
Of course, adding DCore’s reliability and speed into the process would drastically improve the effectiveness for all parties. With our newly released version 1.3.0, we can achieve over 2,000 TPS, which is ideal for the complex supplier management system 3IPK hopes to implement soon.
We hope you are as excited as we are about the development of 3IPK. Since the launch of our announcements, the response from the press has been overwhelmingly positive. We hope this exemplifies our belief that the aviation industry has room for blockchain to add value to its existing supply chain processes. To stay informed about all things DECENT, join our conversation on telegram and follow us on social media for the latest updates.
Originally published at decent.ch on September 19, 2018.
