Renault assess blockchain platform for parts compliance. The project, Extended Compliance End-to – End Distributed, or better known as XCEED, developed out of Renault ‘s collaboration with other companies in exchanging data to develop a blockchain supply-chain solution.
It is built on the network of Hyperledger Software, and deployed in collaboration with IBM. XCEED monitors and certifies vehicle part compliance with the regulations.Renault tested XCEED in its Douai plant and processed over a million documents with 500 transactions processed per second.
Odile Panciatici, blockchain vice president at Groupe Renault, said “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. 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.”
The carmaker said the need for a better enforcement approach emerged with the implementation of new market surveillance regulations Sept. 1. Directive 2007/46 / EC of the European Union, amended in 2020, allows for closer inspection of new vehicles and parts compliant with safety and environmental standards.
[image: Andrik Langfield]