Groupe Renault has launched a blockchain project to take vehicle compliance certification to a new level. The project is called eXtended Compliance End-to-End Distributed (XCEED) and is intended to help certify vehicle components from design to production.
XCEED should establish itself as a tool for the increasing need for transparency in the automotive industry.The Hyperledger Fabric Blockchain technology is used as the technical basis. This was implemented in cooperation with IBM and, within the framework of XCEED, is intended to help ensure the regulatory compliance requirements of vehicle components and parts.
By using blockchain technology, it is possible to use and track information from multiple actors. In this way, the competitiveness and operational excellence of the automotive industry should be promoted and manifested. XCEED also helps to increase the exchange of information in the industry. For example, the required data can be made available in real time.
As a direct consequence, there is a higher efficiency in the network – up to now this had a strongly distributed character.With the help of XCEED, the blockchain is now helping to create a trustworthy network for the exchange of compliance information between parts manufacturers and automobile manufacturers. Due to the decentralized character, which is an inherent part of the underlying blockchain, the parties involved can retain full control over the data entered.
In this way, impairment of one’s own integrity is avoided. It also increases the security and confidentiality with which data is shared.