XCEED blockchain solution deployment to begin
Faurecia, Groupe Renault, Knauf Industries, Simoldes, and Coşkunöz, 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. (Earlier post.)
This move follows the successful testing of the XCEED solution at Renault’s Douai plant. XCEED will be deployed to partners’ plants around Bursa in Turkey, Douai in France, and Palencia in Spain. XCEED is now open to global OEMs and suppliers, no matter the size, throughout the supply chain.