Renault in turn bets on the blockchain
As explained in a press release from the Renault group, this blockchain project is called XCEED (eXtended Compliance End to End Distributed). It finds its usefulness at a time when a new market surveillance regulation has entered into force. Automobile manufacturers must now meet increased regulatory requirements, in particular by justifying the origin of vehicle components. This is why blockchain technology, which is particularly suitable for traceability, was chosen by Renault.
The proposed solution is now familiar: it is developed by Hyperledger Fabric, in collaboration with IBM. In recent years, these two companies have distinguished themselves by offering traceability solutions to many large companies.
XCEED in particular stands out, as the blockchain will be used to communicate with various equipment manufacturers and manufacturers, not only internally within Renault. The project is supported by partner companies from the automotive industry, including Continental, Faurecia, Plastic Omnium and Saint-Gobain.
👉 To read: Hyperledger, blockchain solutions for businesses
A life-size test in Douai
XCEED has been tested by Renault at the Douai plant. This made it possible to archive more than a million documents, with a speed of 500 transactions per second. The solution should therefore be extended after this first phase of testing. Odile Panciatici, VP Blockchain for Groupe Renault, confirmed Renault’s ambition:
“We are convinced that the blockchain is a driver of the transformation of the automotive industry. [Elle] makes sense in a vast ecosystem which involves different companies and which makes the link between the different processes, information systems and partner databases. “
👉 To go further, read our dossier: Blockchain and logistics chain
In any case, this is not the first foray into blockchain territory for Renault. At the end of 2019, the manufacturer joined forces with BMW, Honda, Ford and General Motors, to test a vehicle identification blockchain. The automotive sector as a whole seems to be gradually integrating this new area. We saw this recently with the Toyota Blockchain Lab, or at Daimler (Mercedes), which began to track its CO2 emissions using the blockchain.
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About the Author : Marine Debelloir
Intrigued by Bitcoin for several years, I developed a passion for crypto-currencies and the innovative technologies that result from them. I like to unearth the most delicious information to share it with you and help democratize this fascinating universe. But I don’t stop there! I also like to analyze projects related to cryptos and blockchains, which fascinate me just as much.
All articles by Marine Debelloir.