By ever increasing customer demands, Government regulations, Counterfeiting..Keeping track of data from miners to traders to refiners to manufacturer to retail sellers to customers, one create transparency resulting in customers satisfaction and easy data availability for complying with government regulations.
(Open the ppt in Slide show for better understanding)
3. WHY TRACE PRECIOUS METALS???
•Precious metals impact nearly every
aspect of modern life. Now-a-days,
more & more people are demanding
to know where the precious metals in
the products they use come from.
Source of
origin????
4. DUE TO LACK OF
TRANSPARENCY:
Unfortunately, the current precious metal supply chain
is complex and restrictive, lacking the targeted
transparency, the participants, customers and
regulators demand.
5. Increasing Purity &
Quality Standards
There are many organizations in the world like Indian
Bullion Market Association(IBMA), London Bullion Market
Association (LBMA) requires sellers to provide detailed
product attribute records proving standards are met for any
trade in that respective country
7. Brief
Introduction:
• G-Track software is a customized software
designed especially for tracing and storing the
history of precious metals in order to create
transparency between the participants in the
precious metal supply chain and also to satisfy the
ever increasing quality and purity standards.
9. To provide continuous inter-connected supply
chain through traceability by using BLOCKCHAIN
Technology.
10. The software will create
“Transparency between the
Participants”.
G-Track Software
11. Provides purity
and quality
reports in order to
comply with
different
organisations like
IBMA/LBMA etc in
order to trade in
those particular
countries.
13. Objective:
• The objective of this case study is “ to
explain the software solution that
ensures required characteristics are
met of that particular country Bullion
Market Association before trading in
that country”.
14. CLOUD DATABASE
WEIGHING SCALE XRF MACHINE
PROCESS FLOW:
COMPOSITIONDATA
The data is stored against a
unique code/serial number
and is marked onto product by
using laser machine.
16. • For example, in respect to LBMA
the required characteristics that
determine the acceptable
physical settlement of gold and
silver to trade in that market
are:
1. Weight
2. Dimensions
3. Fineness (Composition)
4. Marks
17. Poke-Yoke at Inventory level:
• This enables sellers to dispatch
correct product with required
characteristics.
Organisation will
be selected
METAL will be
selected
SCANNING OF DATA
MATRIX PRESENT ON
THE METAL
THE DATA SAVED
AGAINST THIS SERIAL
NUMBER IS EXTARTEC
AND COMPARED WITH
ORGANISATION
REQUIREMENTS.
The products can be
dispatched.The products are analysed
before sending
18. • The main advantage of poke-
yoke at inventory level ensures
sellers to provide full product
data accurately, quickly and
privately, can help to put them
on the leading edge, resulting in
higher profit margins.