French luxury car maker, Groupe Renault has completed full-scale testing trials of it blockchain project aimed at easing compliance certification of all vehicle components, from design to production.
Groupe Renault developed, designed and implemented the XCEED (eXtended Compliance End-to-End Distributed) in collaboration with leading automotive industry players.
About XCEED Project
XCEED is built on “Hyperledger Fabric” blockchain technology and deployed in collaboration with IBM. The XCEED project is designed to simply track and certify the regulatory compliance of vehicle components.
This tool comes at a time when new market surveillance regulations have been introduced thereby introducing enhanced regulatory controls for vehicles already on the market. Hopefully the entire production chain will adjust to the XCEED structure thus responding to regulatory authorities within shorter time frames.
Through XCEED, Blockchain technology is utilized in creating a secured network for sharing compliance related information between parts manufacturers and vehicle manufacturers. Blockchain speeds up the information sharing process with greater efficiency and making the data available in real-time.
XCEED was launched in 2019 by Groupe Renault in collaboration with Continental, Faurecia, Plastic Omnium and Saint-Goblin. With Blockchain being decentralized each party has total control over the data being shared without compromising any data.
XCEED full scale trial was conducted in Renault’s Douai plant involving several equipment manufacturers with over one million documents archived and a speed of 500 transactions processed per second.
Odile Panciatici, blockchain vice president at Groupe Renault, said:
“The XCEED project we initiated is a powerful illustration of Groupe Renault’s capacity to innovate. We are convinced that blockchain is a vector for transforming the automotive industry. Blockchain technology really comes into its own in a vast ecosystem involving a number of different companies, providing a link between the partners’ various processes, computer systems and databases. There are multiple uses for this type of technology in the automotive industry, where we have exchanges with countless actors from outside the company, such as suppliers, clients and independent distributors.”