Luxury carmaker Groupe Renault tested its blockchain project aimed to ease compliance certification of vehicle components. 

The
project, Extended Compliance End-to-End Distributed, or better known as
XCEED, 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. 

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

XCEED
shares compliance Information between parts manufacturers and those who
make the cars. Renault said the platform speeds up information sharing,
bringing it to real-time delivery. XCEED, the carmaker explained,
creates a trusted network to share data with confidentiality.

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

The carmaker
said the need for a better compliance solution arose as new market
surveillance regulations were implemented Sept. 1. The European Union’s Directive 2007/46/EC,
revised in 2020, establishes better monitoring of new vehicles and
parts to meet safety and environmental standards. Renault said its
entire production chain “has to adjust its structure” to respond to
shorter timeframes set in the policy. 

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.”

This
is not Renault’s first foray into blockchain technology. Renault, along
with other automotive giants BMW, GM, and Ford and technology companies
IBM, Hyperledger, Bosch and IOTA, worked on the Mobility Open Blockchain Initiative (MOBI). It created a database of Vehicle Identity Numbers on the blockchain. BMW also made a blockchain-based supply chain solution.