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.
autoevolution 22 Apr 2021, 15:49 UTC ·
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Renault developed XCEED (eXtended Compliance End-to-End Distributed) as a response to market surveillance regulations that were introduced in 2020. This meant that automotive suppliers needed to find the most effective way to certify the compliance of all vehicle components.
This is where blockchain technology comes in. It’s basically a network that allows information regarding vehicle components to be shared among multiple parties and also tracked by each one. In fact, the biggest advantage of XCEED is that information can be obtained almost in real-time, regardless of the vehicle’s production date.
Considering that there are countless parts that go into the assembly of just one car, the ability to track their compliance in real-time is impressive.
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.