Innovate UK backed start-up to launch 'ground-breaking' digital marketplace

An Innovate UK-backed start-up will launch a ‘ground-breaking’ digital marketplace for 3D printable car parts.

Autentica Car Parts, based at Sci-Tech Daresbury, Cheshire, has developed a platform that allows OEMs, such as car designers and manufacturers, to sell spare parts designs to authorised dealers, distributors, and repair centres.

The first-of-its-kind solution enables Non-Fungible Tokens (NFT) backed blockchain-protected and certified design assets to be 3D printed on-demand locally. The Autentica platform will help design owners and Original Equipment Manufacturers (OEMs) sell spare parts using NFTs to certify that a buyer is purchasing a genuine OEM replacement part, produced using 3D printing service locally on-demand.

NFTs further help prevent IP infringement and sort out liability issues, enabling OEMs control over 3D printing service providers by streaming G-CODE tokens instead of 3D model files.

Using funding from Innovate UK, the UK’s national innovation agency, the platform has been successfully tested with 500 customers, including OEMs and car dealers, and an international network of 600 3D-printing service providers.

The platform, which was developed in partnership with the University of Sheffield Advanced Manufacturing Research Centre (AMRC) and cloud technology company Oracle, enables instant access to spare car parts compared to the industry standard of 28 days, reduces non-production costs like storage by 70 per cent, and slashes the carbon footprint of transportation by 40 per cent.

Autentica Car Parts will be launched at a special full-day event at Sci-Tech Daresbury on November 1st, 2023, featuring keynote speeches, presentations, roundtable discussions and live platform demonstrations.

Speaking ahead of the launch event, Irma Gilbert, CEO of Autentica Car Parts, said: “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.

“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 revolutionise the aftermarket and automotive spare parts supply chain.”

The keynote address at the event will be delivered by James Bedford, Digital Tech Cluster Manager for the Science and Technology Facilities Council (STFC), a UK Research and Innovation (UKRI) initiative which operates world-class research and innovation facilities, including at Sci-Tech Daresbury.

“Autentica Car Parts is a fantastic example of how innovative young companies can potentially disrupt major industries,” Bedford said. “The team have worked tirelessly to solve issues in the automotive sector by thinking outside the box to deliver a secure, inventive, tech solution.

“I am proud to have Autentica Car Parts as part of the Digital Tech Cluster and look forward to the launch event on 1st November. I’m sure attendees will be impressed by the company’s vision and the product’s demonstrations.”

By Mark Adair – Correspondent, Bdaily

• Add me on LinkedIn and Twitter to keep up to date
• And follow Bdaily on Facebook, Twitter and LinkedIn
• Submit press releases to editor@bdaily.co.uk for consideration.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →