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