Blockchain in Space and Aerospace Supply Chains
NASA indicated in a 2019 SBIR solicitation that “Blockchain solutions can benefit all NASA Mission Directorates and functional organizations. NASA activities could be dramatically more efficient and lower risk through Blockchain support of more automated creation, execution, and completion verification of important agreements, such as international, supply chain, or data use. NASA is seeking innovative solutions involving Blockchain that would greatly enhance operational efficiency by providing a single, immutable “source of truth”, viewable by all authorized parties, and usable by automated reporting and verification.”
Morgan Stanley has estimated the global space industry could generate revenues of $1.1 trillion or more in 2040, up from $350 billion currently. The global aerospace and defense industry amounts to $USD 1.6 Trillion. Sixty-seven percent of space and aerospace executives anticipate the combination of blockchain distributed ledger technology, AI, XR and quantum computing will have a transformational impact on their organization over the next three years as reported by Accenture. With thousands of suppliers responsible for delivering advanced and innovative components or materials to Tier 1 suppliers and OEMs, supply chain and logistics have long been critical to the success of every major aerospace and defense program. Today, supply chain and logistics are the industry’s top innovation priority especially given the impact of COVID19. What’s more, as aerospace and defense supply chains evolve into complex ecosystems, they’ll see more partnerships developing in the coming three years, including the developer community, startups, competitors and other industry players. SyncFab is delighted, therefore, to add another recognized aerospace industry expert to our Advisory Board.
SyncFab Welcomes General Lee Levy II, USAF (Ret) to Advisory Board to accelerate Blockchain adoption strategy in the Public and Private Sector
SyncFab is delighted to announce Maj Gen Lee K. Levy II (USAF Ret.) has joined our Advisory Board. As a highly decorated former military officer, Gen Levy brings over 34 years of distinguished military service as well as substantial leadership experience in national and international security policy, acquisition, sustainment, logistics, global supply chains, advanced manufacturing, civil engineering, strategic planning, nuclear weapons and munitions, and military operations. “There are clear and vital synergies between rapidly evolving space and aerospace supply chain requirements and blockchain technologies. It is essential that these be rapidly adapted to and integrated in the supply chain ecosystem so the nation can harness their full potential.” said General Levy. “I fully believe in SyncFab’s vision for the industry and applaud their early efforts developing the supply chain support system of the future for space and aerospace and I’m delighted to be part of the advisory team which is a natural fit for me.”
Currently, Gen Levy is a member of the NASA Advisory Council alongside various government figures, astronauts, scientists, and corporate executives. He is also President and CEO of The Levy Group LLC. Maj Gen Lee K. Levy II (USAF Ret.) also joined Battle Investment Group as a Strategic Partner in 2020. Additionally, he has been appointed by the Governor of Oklahoma as a member of the Oklahoma Aerospace and Autonomous Systems Council. During his final assignment with the Air Force, Gen Levy was Commanding General of the Air Force Sustainment Center (AFSC), Air Force Materiel Command, headquartered at Tinker Air Force Base in Oklahoma City, Oklahoma. He led nearly 43,000 total force U.S. and U.K. Airmen to deliver global combat effects for the immediate and long-term requirements of combatant commanders, allies, foreign military sales partners, and the whole of government. Though headquartered in Oklahoma City, the command comprised 73 global locations generating over $16B revenue annually.
His distinguished career also included multiple combat deployments, multiple joint assignments as well as 3 tours in the Pentagon. In 2013, as a general officer, he deployed to Southwest Asia with US Central Command, where he led and directed the US Forces Afghanistan global withdrawal and retrograde of US combat equipment and personnel to achieve POTUS directed regional force levels.
Gen Levy’s military career began in 1985 when he received his Bachelor of Science in Business Administration from Louisiana State University. He also has earned a graduate certificate in systems management from the University of Southern California, and a Master of Science degree in International Relations from Troy State University. Gen Levy also earned a master’s degree in national security and strategic studies from the Naval War College. Gen Levy’s education also includes completing Harvard’s John F Kennedy School of Government’s Senior Executive Fellows Program and Senior Executives in National and International Security programs. Gen Levy completed the Air Force Enterprise Leadership seminar at the Darden School of Business, University of Virginia as well as LOGTECH Executive Program at the University of North Carolina, Chapel Hill’s Kenan-Flagler School of Business. Gen Levy is also a nationally certified corporate director through the National Association of Corporate Directors (NACD) and was in the first-ever group to achieve this new national accreditation.
A New Orleans native, Gen Levy’s service decorations include the Distinguished Service Medal with oak leaf cluster and the Defense Superior Service Medal, among many others.
SyncFab is still Hiring for Key Roles!
We keep the talent pipeline open for candidates for: 1) Full Stack Blockchain Engineers, 2) B2B Enterprise Software Sales Professionals, 3) B2B Supply Chain Marketing Professionals, 4) Data Analysts. Email resumes to hr@syncfab.com
Stop Corona Virus bottlenecks in your OEM Supply Chain: SyncFab allows OEMs to slash procurement time and cost for precision parts with SyncFab’s rapid response supplier network secured by blockchain for anti-counterfeit, recalls, smart payments & more.
Let us quote your precision machined parts at no cost or obligation to: sales@syncfab.com
Procurement Managers watch THIS VIDEO to learn more.
SyncFab helps Aerospace and Automotive OEM Purchase Managers stay on top of their demanding production schedules while shaving their parts procurement costs as much as half off benefiting from a vetted full range manufacturing capabilities network of 1000s of suppliers. SyncFab’s network precision machining capabilities include multi-axis milling and turning, routing, waterjet, laserjet, EDM, Electron Beam Welding, punching, cutting, shearing and finishing services including anodyzing, coating, plating, polishing and more.
SyncFab also works with OEM IT Departments whose aim is to secure more of their supply chain data with blockchain for ERP module and internal reporting system integration. OEM IT Departments can use their procurement activity blockchain records SyncFab generates to complete a Turnkey Supply Chain Blockchain Proof of Concept, Custom Use Case Pilot or Program Implementation. Furthermore — SyncFab’s patent pending parts procurement tokenization solution can be used to mitigate product fraud — isolate recall cost and time using blockchain track and trace feature technology at a fraction of the cost. Finally, OEM IT and Financial departments can partner to use the industry first MFG Manufacturing Token to create custom smart contract and supplier incentive programs such as RFQ and data sharing rewards.
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