XCEED tracks and certifies regulatory compliance of vehicle components and sub-components.
Douai, France, September 12, 2020 / AlexaBlockchain/ – Luxury carmaker Groupe Renault has developed blockchain project XCEED aimed to ease compliance certification of vehicle components.
The project XCEED (Extended Compliance End-to-End Distributed) grew out of Renault’s partnership with other companies to develop a blockchain supply-chain solution by sharing data. It’s built on the Hyperledger Fabric network and deployed in collaboration with IBM. XCEED tracks and certifies regulatory compliance of vehicle components and sub-components.
“The XCEED project we initiated is a powerful illustration of Groupe Renault’s capacity to innovate. We are convinced that blockchain is a vector for transforming the automotive industry,” said Odile Panciatici, blockchain vice president at Groupe Renault.
“Blockchain technology really comes into its own in a vast ecosystem involving a number of different companies, providing a link between the partners’ various processes, computer systems and databases. There are multiple uses for this type of technology in the automotive industry, where we have exchanges with countless actors from outside the company, such as suppliers, clients and independent distributors,” Odile added.