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Project

Globaltekheksport started a supply system based on the Credits blockchain platform

Customers: GTE (Globaltekheksport of Globaltechexport)

Moscow; Construction and industry of construction materials

Contractors: Credits
Product: Credits Blockchain Platform
На базе: Projects based on blockchain technology

Project date: 2019/04  - 2019/09

2019: A pilot project on implementation of Credits Blockchain Platform

On October 10, 2019 the Credits company reported that together with the Russian producer of oil and gas objects of Globaltekheksport LLC started a pilot project on management, transfer and storage of these sensors on the basis of a public blockchain of Credits.

Activity of the company has huge value for development of the industry of engineering and the solution of economic, technical and political tasks. The question of improvement of the existing technical systems of the oil and gas industry is particularly acute. In the market there are following current problems which need to be solved for ensuring effective management of supply chains in the sector:

  • Production of surplus stocks of products;
  • Non-optimal resource allocation;
  • Distortion of information on probable needs of the user;
  • Decrease in flexibility of the enterprises in a supply chain;
  • Discrepancies during the work with logistic infrastructure

With respect thereto the company decided to resort to the help of technology of a blockchain. Globaltekheksport LLC uses digital sensors in the work, and information obtained from devices is necessary at integration into production cycles of the enterprises taking into account supply efficiency. The decision made together with Credits company for start of a pilot project will improve control and automation of a supply chain of the equipment at all stages of production process that substantially will provide complete transparency and will help to reduce costs.

The blockchain serves as the reliable technology for information storage received from sensors of the company that is reached by cryptographic protection of the database. Thus, information can cyclically be stored, with the specified period, excluding at the same time a factor of falsification of the database of the either party, whether it be the supplier or the client. Thus, data on deliveries and transactions cannot be deleted or changed that will allow to reach the high level of transparency and to create trust during interaction with participants of a business model.

As a result of implementation of this agreement Globaltekheksport LLC receives the mechanism for tracking of supplies of equipment that will make pricing transparent, and quality of installations - undoubted. Use of blockchain technology allows to cut down expenses, to improve quality of the provided services, to attract the bigger number of world-class clients and creates an impulse for development of the company in international market.

The blockchain of Credits allows to reach the following:

  • Optimization of transit of raw materials and finished goods
  • Cost reduction on service of a flow
  • Expansion of opportunities of supply chains for providing the goods delivery of required quality and quantity taking into account timeliness and location
  • Optimization of use of different resources, including energy, and current capacities of all participants of a supply chain