Disclaimer : Please note that we are not associated with the ICO nor are paid for preparing this review. This is our personal opinion and contributors are advised to do their due diligence before contributing to the ICO.

GSC Aviation is a supply chain solution that aims to improve flight safety and streamline processes for Aviation Industry. The platform provides aeronautical professionals with quality resources, the security of blockchain technology and efficient purchasing protocols. This will enable economies of scale for aerospace industry players by optimizing the supply chain as a whole. The GSC platform also provides each buyer with a dashboard listing information about the supplier and their past collaborations. This technical tool for the buyer allows them to save time and concentrate on strategic purchases and tasks with higher added value for his company. The detailed identity cards stored in the GSC database allow users to quickly access the information of each supplier.Healthcare Industry is one of the biggest sector from business and social impact point of view. Yet it has not able to reach its full potential due to multiple system and geographical problems. It is plagued by centralized and opaque systems around the globe that work in silos and in the best interest of few individuals. On the other hand the most significant stakeholders of the ecosystem i.e. patients, doctors and pharma-research companies suffer due to the bottlenecks faced. Well aims to remove these bottlenecks and create a revolution in healthcare industry by creating a blockchain based platform for healthcare professionals.

We have analyzed the ICO based on the below parameters:

1.Necessity or problem statement (12%)

2.White paper (9%)

3.Product Status (10%)

4.Team (10%)

5.ICO Pricing (7%)

6.Business Model/Revenue Source (15%)

7.Token Value Increment Options (15%)

8.Social Media Presence/Hype (10%)

9.Competitors (12%)

Below is the score we have given for each parameter and overall rating of the ICO.

Please continue reading for detailed analysis. 

1. Necessity or Problem Statement (12%)

The aeronautical industry is one industry where it is very important to always keep in radar the quality of maintenance by conducting regular check-ups by the relevant authorities. However, the information on the quality or maintenance of equipment is not readily available to ensure aircraft worthiness receives the adequate attention. Overall, this could jeopardize the safety of flights since the traceability of the aeronautical parts is not known and administration remains a cumbersome process.

So in a critical sector like aviation, the following are regarded as very crucial for industry players

• Knowing the source of all parts 
• Having product quality information and 
• Being able to locate the supplier of a faulty component. 

GSC Aviation as a platform aims to satisfy all the above needs of the aviation industry. The platform will offer real time alerts to MROs (Maintenance Repair and Overhaul), Continuing Airworthiness Management Organizations and airlines on the different aeronautical parts of the aircraft concerned. In addition, the transparent and verifiable features of blockchain technology enables GSC with an effective and rapid response to fraud detection. In all, GSC aims at the improvement of flight safety in the world. (Statistics say 22% of aircraft accidents are due to a defective part). This platform gets a 9 on 10 for their unique choice of the problem statement and for trying to adopt blockchain technology to cater to needs of the Aviation industry..

2. White paper (9%)

You can go through their whitepaper in the ‘Details’ tab.

• The whitepaper provides information about the platform, the blockchain solution, the token model, token distribution, roadmap, details about the project team among others.
• Apart from the exhaustive White paper, there is also a Light paper. The light paper comes across as a concise, crisp little paper, with details on the supply chain challenges, GSC’s offer, key features of the GSC platform and the token sale. 

We give them 7.5 out of 10 on this aspect..

3. Product Status (10%)

We are given to understand that their MVP will be ready by August 2018. Otherwise, this is an area that they have not much focused as yet. We would have liked to have the MVP in place during the taken sale stage. We give them 6 out of 10 in this aspect, purely basis their blockchain solutions.

4. Team (10%)

GSC Platform is based out of France and is led by Maxime Legros, the Founder and CEO. Maxime has with him seven years of experience in the aerospace sector in the area of purchasing, where he felt the need of a tool such as GSC Aviation, suited to the substantive work of analysing the buyer's market. Other key members of GSC are Achyut SHRESTHA, who is the Blockchain Development Director. He had developed Smart Contracts and Data Contracts on his own. He has over 16 years of Software Development starting with Desktop applications, Dynamic Web pages, Enterprise Secure Web applications for Fortune 500 company and now Blockchain Dapps. Cyril VUAROQUEAUX is the CTO of GSC Aviation and he has been the CEO of BIP INFO, a Company in the digital transformation, since 2014. 

In all, they have a team of 15 advisors, 2 from the executive management crew, 2 from the marketing team, 3 from the community management team, and 6 from technology (Product development and blockchain).

We give them 9 on 10 for bringing on board relevant people and for having someone like Maxime Legros (the CEO) at the helm, who has previous relevant exposure in both the aviation industry and in purchasing.

5. ICO Pricing (7%)

As far as the ICO pricing is concerned, their Soft Cap is at 4M€ and their Hard Cap is at 46.2M€. We feel the project valuation is reasonable and justified. Considering the pricing and the stake allocation, we give them 7 out of 10 in this aspect.

GSCP is the internal currency of the project. As GSC is planning to release their smart purchases blockchain in 2020, the purchasers will be able to set all the process in the blockchain using the GSCP token. From the logistics platform for purchasers to use the purchaser’s modules, they will be required to make a fiat payment and paying with GSCP tokens will provide a 20% discount on the price. And GSC will charge a fee on the blockchain services that they would provide with a fixed amount in fiat only payable in tokens.

Apart from the above said, GSC’s revenue generation is based on the below business model. 

• One subscription per month per Buyer: the subscription amount is calculated according to the needs of the buyer according to the module. Access to the GSC Aviation Database is free for Suppliers who will be able to provide reference and offer their goods and services for sale.
• Promotion Service: Advertising in the form of banners will be possible if the suppliers wish to promote a product or service to the qualified buyers.
• Carriers/Freight Forwarders: A monthly subscription of 60 € per carrier (or the equivalent of 50 € in GSCP Tokens) will allow them to have visibility following the RFQ of the Buyer who will choose the means of transport for the goods they want to order.

One thing that is impressive about their business model is that they have created the inside utility market of the token in such a way that it is not affected too much by the fluctuations in the crypto market as long as the GSCP token would be used. Overall, we give them 7.5 out of 10 for this aspect.

7. Token Value Increment Options (15%)

GSC Aviation has recently partnered with AVINOC to bring a Comprehensive Blockchain Solution for the Aviation Industry. The AVINOC Blockchain Platform enables airlines to free themselves from the market power of booking platforms and general distribution system (GDS). These intermediaries are responsible for a not so transparent and highly complex airline ticketing system, much to the displeasure and discomfort of airlines and travellers. So we feel that the partnership between GSC Aviation and AVINOC will create the opportunity for airlines to improve their overall business, thereby positioning themselves for the future and also may increasing their revenue potential with breakthrough blockchain technology.

The GSC team also recently has promised Capital guarantee of 50% on the presale, first round 80% guaranteed and the last round 95%. This we feel as a good move and works in the favour of the investor. The unsold tokens would be burned and a majority of the funds from the ICO would be directed into Marketing and token growth. Also GSC aims to bring as much aviation professionals as investors in this project, so the token will continuously circulate. Though GSC Aviation will create other logistics platforms for other industries like GSC Automotive, GSC Rail, etc, but every blockchain technology based smart purchases and traceability will be all handled by GSCP tokens only, which is a smart move. This we feel will certainly increase the value of the tokens.

We give them 8 out of 10 in this aspect.

8. Social Media Presence/Hype (10%)

GSC Aviation has really put in their earnest effort in reaching to the investors through a varied range of Social media platforms. But what we regard as an area where they must look at improving is the traction or evangelization in terms of their reach in each of the channels where they are present. And though their content offered in various social media platforms like Facebook, Twitter, Reddit, Instagram are all good and updated quite often, but yet they have limited number of followers in each of these channels, the numbers of which are as below

• Twitter – 1570+ followers (https://twitter.com/GSCAviation & https://twitter.com/GSC_Fr) 
• Facebook – 1200+ followers (https://www.facebook.com/GSCPlatform) 
• Telegram – 4000+ members
• Reddit – 60 Readers (https://www.reddit.com/r/GSCAviation/) 
• Medium – 80 followers (https://medium.com/@gscaviationcm) 
• YouTube channel – 36 subscribers (https://www.youtube.com/channel/UCv5jyazp0jQ_5zT0Sg1HjtQ) 
• Instagram – 125+ followers
• Bitcointalk - (https://bitcointalk.org/index.php?topic=4438272) 

We regard that one of the key ingredients of a successful ICO venture is its ability to adopt a well marketed strategy to have very strong social media presence. They are spending a lot of effort in the Content, but surprisingly not the same amount of effort towards marketing / evangelization or the reach, which only will give them the required attention. Despite this, we still give them 6.5 out of 10, purely for the content they post in the various Social media handles periodically.

9. Competitors (12%)

There are already players in this area like Aeron and BitAir which utilizes blockchain for aviation safety, but GSC Aviation is unique and stands out among competition in the following aspects. 

• Quick Search: GSC Aviation offers users to easily find suppliers in the proximity using their search module.
• Centralized Tender: Users can select suppliers for the items and services they need to determine the criteria of their choice and make a call after few clicks.
• Optimized Discovery: Users can easily access any information of each supplier with the use of detailed identity cards sored in GSC database.

Also we feel GSC Aviation comes up with a refreshing concept – that of trying to make the aviation industry provide a shared, trustworthy Blockchain-based platform for updating information such as the financial strength of vendors, quality standards, and MRO (Maintenance Repair, and Overhaul) data. 

We give them 7.5 out of 10 in this aspect.

Based on our analysis, we give an overall score of 77.7 out of 100 to GSC Aviation, which is very good.

The use of the blockchain technology for aviation is by no means exhaustive, but the GSC platform has been first mover of sorts by bringing in the new technology in the most crucial stages of aviation, that is the equipment supply chain. We feel that the power to harness blockchain could make GSC a leader in the supply chain management of the aviation industry. 

We give it a “Good” rating and a long term investment option with moderate risk.