Renault is seeking supply chain transparency through blockchain technology
Working in a consortium Renault says it has developed a new blockchain solution for the European automotive industry to certify the compliance of vehicle's components from design to production.
Developed by Groupe Renault, Faurecia, Knauf Industries, Simoldes, and Coskunöz, in association with IBM, the solution – called 'XCEED' – is now available to OEMs and automotive suppliers worldwide following a successful test at Renault's Douai facility.
It will be first implemented at partner plants around Bursa in Turkey, Douai in France and Palencia in Spain.
Groupe Renault, Faurecia, Knauf Industries, Simoldes, and Coskunöz, in association with IBM, have signed a partnership contract for the deployment of XCEED (eXtended Compliance End-to-End Distributed), a blockchain based shared solution to trace the compliance of thousands of parts assembled in a vehicle in almost real time.