Bitcoin

Renault is testing the blockchain platform to check the conformity of the parts

The luxury automaker Groupe Renault has tested its blockchain project to facilitate the conformity certification of vehicle components.

The Extended Compliance End-to-End Distributed or better known as XCEED project, emerged from Renault’s partnership with other companies to develop a blockchain supply chain solution through data exchange. It is based on the Hyperledger Fabric network and is implemented in collaboration with IBM. XCEED tracks and certifies vehicle component compliance.

Renault tested XCEED at its Douai plant and processed over a million documents at 500 transactions per second.

Renault is testing the blockchain platform to check the conformity of the parts
Renault is testing the blockchain platform to check the conformity of the parts

XCEED shares compliance information between parts manufacturers and those who build cars. According to Renault, the platform accelerates the exchange of information and leads to real-time delivery. XCEED, the automaker said, creates a trusted network for confidential data exchange.

Renault’s project partners include Continental, Faurecia, Plastic Omnium and Saint-Gobain. It was first announced in 2019.

The automaker said the need for a better compliance solution arose when new market surveillance regulations were introduced on September 1. Directive 2007/46 / EC of the European Union, which was revised in 2020, provides for better monitoring of new vehicles and parts in order to meet safety and environmental standards. Renault said its entire production chain “needs to adapt its structure” to respond to the shorter deadlines set in the directive.

Odile Panciatici, Vice President for Blockchain at Groupe Renault, said:

“The XCEED project we started is a strong example of Groupe Renault’s ability to innovate. We are convinced that blockchain is a vector of the transformation of the automotive industry. Blockchain technology stands out in a huge ecosystem in which several different companies are involved and creates a connection between the various processes, computer systems and databases of the partners. This type of technology is used multiple times in the automotive industry, where we interact with countless players outside the company such as suppliers, customers and independent dealers. “

This isn’t Renault’s first foray into blockchain technology. Renault worked with other automotive giants such as BMW, GM and Ford as well as the technology companies IBM, Hyperledger, Bosch and IOTA on the Mobility Open Blockchain Initiative (MOBI).. Creates a database of vehicle identity numbers on the blockchain. BMW has also developed a blockchain-based supply chain solution.

Similar Posts