BMW announces PartChain supply blockchain for tracking automotive parts

Major automotive manufacturer BMW Group announced the planned launch of its blockchain-powered supply chain management solution called PartChain on Tuesday. According to the company, PartChain will launch in conjunction with 10 of its suppliers in 2020. BMW intends to use distributed ledger blockchain technology to provide transparency and traceability of components and raw materials used in the production of automobiles. In 2019, we conducted a successful pilot project for purchasing front lights, said Andreas Wendt, member of the board of management of BMW AG responsible for purchasing and supplier networks. This year, we want to expand the project to a large number of other suppliers. According to the BMW, automotive supply chains are highly complex ecosystems that involve numerous players at different delivery stages. All the stops in an automotive supply chain can also change rapidly according to the needs of various parts of the industry including the availability of raw materials, the supply of specific components from particular factories, and the demand for automobiles in different regions.

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