DHL and BMW announced that the companies have created a private blockchain platform which will allow stakeholders to access supply chain data for both firms.
According to Ledger Insights, BMW already works with multiple logistics partners in Asia, with each partner running its own data systems.
In a recent move, BMW and DHL revealed they are jointly developing a proof of concept (PoC) for BMW’s supply chain in Asia Pacific. The project is expected to enhance the transparency of auto parts sent from Malaysia.
Before the blockchain system is integrated, the companies would need to manually record data to reflect shipment information. In order to improve the process, BMW and DHL are now using a private blockchain platform to share information along their supply chain, with access granted to stakeholders as needed. The blockchain-enabled system also facilitates real-time shipment tracking for BMW dealers.
The companies disclosed the PoC will enhance the transparency of the supply chain, while providing a dashboard that will allow users to monitor data from placed orders, orders in transit and delivered orders.
Most importantly, the PoC helped the companies reduce the amount of work that involved manual reporting, fixed issues quickly and granted access to real-time data.
BMW has been actively developing use cases for blockchain technology. The firm is also participating in the MOBI consortium while working with Honda, GM, Ford and other automakers to develop a blockchain PoC to track vehicle identity.
Additionally, the German company has participated in a trade finance pilot on the Marco Polo blockchain network.
About Asia Blockchain Review
Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.
Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.
Follow Asia Blockchain Review on:
We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us