The car maker BMW has announced a new blockchain platform called PartChain. This will be used to ensure transparency of data and traceability of raw materials used by BMW. With the help of blockchain technology, BMW has the possibility to monitor and streamline the supply chain with raw materials.
The platform was tested last year by two of the BMW factories and three locations of the Automotive Lighting supplier. This year, PartChain will be used to monitor sourcing from 10 BMW suppliers. In this way, the data on the origin of the components can be managed individually, without requiring the extensive manual efforts previously used.
PartChain uses other technologies
Andreas Wendt, head of BMW’s supply department, said:
“In 2019, we carried out a successful pilot project for the purchase of headlights. This year, we want to expand the project to a large number of other suppliers. “
Wendt also said that blockchain technology was used to create an open platform that would allow data sharing between the group and supply chains in a safe and anonymous manner. PartChain also uses Microsoft Azure and Amazon Web Services technologies.
BMW intends to integrate PartChain in the Mobile Open Blockchain (MOBI) initiative. MOBI was co-founded by BMW in 2018 and includes car manufacturers Renault, Ford and GM Motors. Alongside these, MOBI integrates major blockchain, engineering and technology companies, including IOTA, IBM, Hyperledger and Bosch.
Currently, MOBI is developing a blockchain-based vehicle identity standard. The platform accepts digital certificates of ownership, warranty, mileage and vehicle identity, information that can be stored in an electronic wallet.
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