BMW is Expanding the Blockchain Solution for Supply Chains
March 31, 2020 4:34 pm
German’s multinational company of automobiles and motorcycles manufacturer – BMW Group did an announcement on March 31,
that “PartChain,” the platform has already been successfully tested by BMW in 2019, is now planning to expand the project to a large number of other suppliers, with 10 selected for 2020, Andreas Wendt — a member of BMW AG’s Board of Management.
The 2019 pilot implemented the solution for buying and tracking front lights, with the involvement of two of BMW Group’s total 31 plants, as well as three locations of the supplier Automotive Lighting.
Blockchain is a technology that maintains tamper-proof data sharing, with potential applications during the complete automotive value chain, the BMW Group is working with this technology in buying to guarantee the traceability of components and raw materials in international supply chains.
The BMW Group initiated the “PartChain project” to ensure seamless traceability of components – more or less “at the push of a button” – and provide immediate data transparency in complex supply chains for all partners involved going forward.
Merging blockchain with cloud technology
Wendt said that BMW’s vision for long-term is to use blockchain to create “an open platform that will allow data within supply chains to be replaced and shared safely and anonymized across the industry.” Whereas the pilot had been limited to component tracking, BMW sees the platform’s future applications extending to tracking crucial raw materials for manufacturing “from mine to smelter.”
PartChain uses cloud technologies from Amazon Web Services and Microsoft Azure, Together with blockchain which provides for tamper-proof, verifiable data collection and transaction.
Mobility Open Blockchain Initiative (MOBI)
Wendt revealed that BMW now intends to share the PartChain solution with other members of the Mobility Open Blockchain Initiative (MOBI), which BMW co-founded back in 2018.
The project has started the MOBI Vehicle Identity Standard, intends to build a blockchain-based database for Vehicle Identity Numbers which supports unique digital certificates for data such as vehicle identity, ownership, warranties and current mileage, which can be securely filed in an electronic wallet.