Smart contract - How does it work? first , lets brief the process of supply chain management; the entire process of getting the product or service to the consumer starts with a plan. The plan has checkpoints (Contractual docs), to measure progress, and other things to watch for; namely, potential problems and potential opportunities, we call these potentialities or sub-data, namely  technical data, photos of the product, paperwork, certificates, and price negotiations.

Integrating MRO use cases within smart contracts:

We integrate real supply chain scenarios into a digital procurement simulation. These scenarios are represented by smart contracts that contain checkpoints and potentialities. Checkpoints track the progress of the supply chain journey, while potentialities encompass  sub-data. Our Assistants streamline MRO procurement starting from digital RFQ processing, collecting bids from suppliers, transacting, up until delivery tracking. Buyers can create RFQs and send them to relevant suppliers, while suppliers can provide quick market quotes and negotiate terms. With digital contracting and online payment processing, manual paperwork is eliminated, saving time and resources. Additionally, our tracking feature allows users to monitor order delivery in real-time.

Technologies & Industry Impact:

ADO Aerospace leverages blockchain and AI technologies to enhance transparency and streamline operations in the aviation industry. Through smart contracts, we create an enhanced user experience by visualizing and standardizing the supply chain journey. Our platform fosters collaboration between stakeholders globally, reduce costs, and facilitates effective communication and transacting. Additionally, our paperless operations reduce environmental impact and promotes sustainable practices in industry by providing visibility to used parts, saving costs for airlines and operators. This also benefits OEMs by enabling on-demand manufacturing, reducing inventory management costs and waste.

Conclusion:

ADO Aerospace revolutionizes MRO procurement by streamlining operations, enhancing collaboration, and driving circularity in the aviation industry. Our unique approach, powered by smart contracts and advanced technologies, provides an a transparent and trackable supply chain events. by promoting reducing environmental impact, and enabling on-demand manufacturing, we contribute to a more sustainable future for the aviation industry.

Our solution revolutionizes MRO procurement through an optimized, trackable supply chain powered by smart contracts and advanced technologies. This contributes to the aviation industry's transition to a more sustainable future.