ITAR, QMS, DFARS
Parts Tokenization for: Provenance, Anti-Counterfeiting, Ownership Transfer
Parts Tokenization for Track and Trace
Isolating recalls in the supply chain to just those directly affected with verifiable certainty.
Parts inventorying with greater accuracy
Complete confidence that only the latest version of parts are being produced.
Assurance that all parts have been produced in accordance with
ITAR/ISO standards.
Eliminating disagreements with a single source of truth.
Tier 1 ERP/PLM Limited Supplier Procurement
Multi-Tier Supplier Savings Accessibility with ERP/PLM Compatibility
ERP Manual Data-Entry Parts Intake
SyncFab Digital Parts Inventorying
ERP Relationship QCM and RFQ Turnaround
Smart Contract Trust and Responsiveness
Tier 1 ERP/PLM Limited Supplier Procurement
ERP Manual Data-Entry Parts Intake
ERP Relationship QCM and RFQ Turnaround
Multi-Tier Supplier Savings Accessibility with ERP/PLM Compatibility
SyncFab Digital Parts Inventorying
Smart Contract Trust and Responsiveness
Blockchain’s technical features provide four key advantages over traditional databases:
Because the network validates every transaction, the blockchain holds a single version of the truth that all participants can trust.
Cryptographic signatures, automated verification and decentralized storage make it virtually impossible for external parties to modify the ledger or delete data, thus securing it indefinitely. Although users can append data to a blockchain, they cannot otherwise alter the ledger.
A blockchain ledger lets network participants set up a wide range of self-executing agreements, contracts and escrows (known as smart contracts), thereby automating repetitive processes, such as billing and shipping. A blockchain can execute any contract triggered by measurable conditions—for example, equipment performance or on-time delivery of goods.
Because the database is distributed across multiple locations in the network, the blockchain can continue to operate even if part of the network fails. And if a party leaves a network, none of the data it has posted on the blockchain will be lost.
| Benefits of blockchain in SCs | Details |
|---|---|
|
Data management |
- Enables calibration of data located across diverse SCs. |
|
Improves transparency |
- Helps track status of an item during a process - Automates data analysis activities - End to end transparency based on permission level via hierarchy |
|
Improves response time |
- Creates a dynamic and real time SC with better utilization of its resources |
|
Smart contract management |
- Customized and individual contracts can be defined for each function and can be coordinated with each other - Helps in process design for business operations - Improves visibility and eliminates the need of intermediary |
|
Operational efficiency |
- Improves end to end speed of SC process - Identifies bugs and issues in the beginning to make the process robust |
|
Disintermediation |
- Leads to an uninterrupted chain of transactions - Increases speed - Increases trust among stakeholders of process |
|
Immutability |
- Consensus mechanism for all modifications - Ensures security of all transactions |
|
Intellectual property Management |
- Intellectual Property protection and registration |
| Blockchain |
Central ledger database (CRM, Accounting, Inventory Software) |
No SQL database |
Relational database (ERP, MRP) |
|
|---|---|---|---|---|
|
Example |
Ethereum, Hyperledger, Cardano |
Salesforce Amazon Quantum Ledger Database |
MongoDB |
Microsoft SQL Server, Microsoft Dynamics, Epicor, Netsuite, SAP, Oracle |
|
Immutable |
Yes |
Not by default |
Not by default |
Not by default |
|
Trust |
Guaranteed |
Guaranteed, but relies on central party |
Not guaranteed |
Not guaranteed |
|
Processing speed |
High |
Medium |
High |
Very High |
|
Ease of Implementation |
Moderate to difficult |
Moderate |
Moderate |
Easy |
|
Best use |
Storing and sharing critical data input by multiple parties |
Storing and sharing critical data input by multiple parties, but fewer use cases than blockchain |
Storing very high volumes of loT or other data for advanced analytics and Al applications |
Flexible storage structured data typically owned and used by a single entity |
For Sovereign Audit Records we generate per part transaction, for Part Inventory and Recall Tracking Accuracy on Blockchain attached via our platform vs. conventional paper-based envelopes passed tier to tier for packet upload into OEM legacy ERP (integration of the two is part of the roadmap).
Legacy ERP databases close the procurement cycle to more timely production network capacity utilization savings opportunities we are opening up using blockchain as we push for authenticating suppliers on the blockchain (integration is part of the roadmap).
Databases do not provide this critical input to power the AIs of future smart manufacturing algorithms.
Applying untethered shared data in the context of evolving Blockchain Smart Contracts to tighten and accelerate conditional procurement agreement fulfillment. This disrupts the idea of a traditional Database with a Dynamic Database.
Blockchain Consensus Security is recognized by OEM executives as far superior to convention IT firewall, password, MFA which is viewed as the weakest cybersecurity link of any industry is supply chain illustrated by recent supply chain hacks of major Aerospace and Defense companies.
Overwhelmingly, respondents feel that blockchain-based solutions provide greater security than traditional approaches.
Survey Question: Do you believe that a blockchain-based solutions is currently more secure, less secure, or at the same level of security as systems build from more conventional informations technologies?
N=1,386 (global enterprise).
Source: Deloitte’s 2021 Global Blockchain Survey
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All Rights Reserved.
