Renault tests blockchain platform for parts compliance

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.

This is not Renault’s first foray into blockchain technology. Renault, along with other automotive giants BMW, GM, and Ford and technology companies IBM, Hyperledger, Bosch and IOTA, worked on the Mobility Open Blockchain Initiative (MOBI).

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