Autentica Car Parts, a start-up located at Sci-Tech Daresbury, UK, is expected to introduce a revolutionary digital platform specifically designed for 3D printable automobile components – utilizing the blockchain and NFT marketplace. The platform is reportedly poised to slash non-production expenses by a staggering 70% and lower transportation-related emissions by 40%, by empowering equipment manufacturers to commercialize their parts designs – making them accessible to certified dealers, distributors, and repair centers.
Financial backing for this venture has been secured from Innovate UK, the national innovation agency of the UK. This support has facilitated the successful trial of the platform with a diverse group of 500 customers, spanning OEMs, and car dealerships, and incorporating an expansive international network of 600 service providers specializing in 3D printing.
The collaborative efforts of the University of Sheffield Advanced Manufacturing Research Centre (AMRC), alongside cloud technology giant Oracle, have been instrumental in the development of this platform. Their involvement has ensured that users are granted immediate access to spare car parts – significantly outpacing the industry’s typical 28-day waiting period.
“The aftermarket in the automotive spare parts supply chain globally is facing several perennial challenges, such as costly warehouse storage of spare parts; high logistics costs due to time-intensive production and shipping; and low-risk resilience due to cross-border transport which can affect delivery times significantly,” said Irma Gilbert, CEO of Autentica Car Parts, speaking ahead of the company’s expected launch. “Digital technologies are catalysts in delivering a radical transformation to global supply chains by leveraging, among others, the power of automation, analytics, and intelligence to improve efficiency, visibility, sustainability, and resilience.”
“Over the last two years, with the backing of Innovate UK and partners including AMRC and Oracle, we have developed a web platform which combines three major digital technologies – additive manufacturing, distributed ledger, and artificial intelligence – to help revolutionize the aftermarket and automotive spare parts supply chain,” continued Irma. “I am delighted that we can launch our business model in the UK and then into international markets, bringing a transformative economic and environmental impact.”