binance-banner.jpg

BMW Driving Blockchain Expansion in Auto Industry

BMW Driving Blockchain Expansion in Auto Industry

The BMW Group is using blockchain and other innovative technologies to bring more traceability to its international supply chain. The Munich-based luxury car company recently announced that it’s planning to expand PartChain, a project it launched last year to optimize tracking of multiple components “at the click of a button”. Supply chains in the auto industry are complex. They involve suppliers from glass manufacturing for windshields and doors and rubber fabrication businesses for tires, wiper blades, belts and hoses to components such as brakes, parking lights, clutches and filters. All of these suppliers need to communicate seamlessly with the auto manufacturer. Read More...