Today, BMW announced it is using blockchain to enable traceability of components in its international supply chain. The German automaker unveiled the PartChain project, initially piloted last year, which would increase transparency for all its partners.
Automotive supply chains are complex and involve a range of different suppliers who all need to communicate with the auto manufacturer.
By leveraging PartChain, BMW aims to track a component’s journey from its origin to the factory. By bringing its suppliers on a shared blockchain platform, the company would get a clearer view of its supply chain for better compliance and audit.
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