The car manufacturer BMW uses blockchain technology to increase the efficiency and transparency of its supply chain.
After a successful first pilot, the car manufacturer BMW is using blockchain technology to increase the efficiency and transparency of its supply chain. The car manufacturer relies on this technology to ensure the traceability of its spare parts throughout its supply chain.
BMW announced on Tuesday 31 March 2020 that it wants to improve the transparency of its supply chain. For 2 years, the big company has been experimenting with the blockchain to try to optimize its activity, especially in terms of supply chain.
Supply chains in the automotive industry are particularly complex. The use of this technology would allow more efficient sharing of product information in order to track spare parts and raw materials. It also allows the different actors in its supply chain to share data without the possibility of falsification, as it is managed in a decentralised manner.
INITIAL RESULTS SUCCESS
'In 2019 we have successfully completed a pilot project for the purchase of headlamps,' explains Andreas Wendt, a member of the BMW Board of Directors responsible for purchasing and the supplier network.
In a press release, the BMW Group announced that it will use the blockchain in its purchasing to ensure the traceability of components and raw materials in the supply chains.
This year we want to extend the project to other suppliers'. The pilot involved two of BMW's 31 plants, those in Spartanburg (USA) and Dingolfing (Germany), as well as three plants of its supplier Automotive Lighting. In the course of 2020, the platform will be rolled out to a dozen other suppliers.
BMW is not the only car manufacturer to use this technology. Alongside Renault, Ford, GM and others, it has contributed to the creation of mobility open blockchain (MOBI), a research group on blockchain in automotive and mobility services.
Also, last fall, the MOBI consortium announced that it was testing a new vehicle identification standard based on the blockchain.
Written by Laetitia Project Manager
Cartam : Free marketplace for cryptocurrency users