Renault’s blockchain supply chain
Written by Kfir Kedem – January 31, 2022
Reviewed by Asaf Kedem
When you hear the word “blockchain” what do you think about? Cryptocurrencies? NFTs? Yes, they are related to blockchain, but they do not represent it. Blockchain is simply a way to store information in groups (i.e. blocks). The information of each block cannot be changed. Of course, such a secure database can have a variety of other functions other than currency and tokens.
Renault Group has been experimenting with this concept since 2015 and after a successful test in 2019, the group has decided to implement blockchain across its European plants. Producing one of the company’s cars requires about 6,000 regulatory features. By implementing blockchain data collection throughout the process (from design to manufacturing), it is far easier to keep track of such features.
The program is called XCEED, which stands for “eXtended Compliance End-to-End Distributed.” It will be used in Renault’s European plants to ensure the vehicles’ compliance during each step of the supply chain.
Auto Trendy’s take:
XCEED is truly innovational. It is not the first time that a supply chain relied on blockchain however it is quite possibly the first from the car OEMs. Implementing this technology would help Renault make its production more lean with less opportunities for unneeded process waste to happen.