BMW Announces New Supply Blockchain For Automotive Parts Trace

BMW, one of the world automotive leaders, has presented their new blockchain-based system PartChain that will track the supply chain for the company-produced automotive parts. The new blockchain solution is planned to be rolled out for 10 suppliers in 2020. 

PartChain has already come through several successful tests in 2019, being designed specifically to ensure traceability and immediate data transparency for automobile components across complex supply chains that engage multiple international parties.

The pilot project has been implemented to purchasing and tracking front lights, involving 31 plants of BMW Group, alongside three locations of the supplier Automotive Lighting. The main aim of this project is increasing transparency across the BMW world supply chain with a special focus on parts and raw materials' procurement segment.

For the industry giants like BMW, the implementation of blockchain solutions can help to significantly optimize its supply chain operations, while making the data processed, stored and shared securely by the system.