The blockchain, particularly linked to cryptocurrencies and NFTs, is now very useful in industries. It represents a solution that helps companies involved in manufacturing to cope with resource consumption needs and large amounts of data exchange. For this, XCEED was developed and designed by car manufacturing players in collaboration with IBM. Discover in this article all the useful information on this subject.
Several companies are investing in the blockchain
After analyzing the biggest funding rounds made by companies, here are the top investors in the blockchain space: Alphabet ($1.506 billion in 4 rounds), BlackRock ($1.171 billion in 3 rounds), Morgan Stanley (1 .1 million in 2 rounds), Samsung ($979 million in 13 rounds), Goldman Sachs ($698 million in 5 rounds), BNY Mellon ($690 million in 3 rounds) and PayPal ($650 million in dollars in 4 rounds). For a secure investmentit is better to opt for an account for the pros, because it is much better than the classic banks.
It should also be noted that companies such as Samsung and Microsoft invest particularly in technology entities. Since they provide solutions and services related to holding and exchanging tokens non-fungible (NFT). As a result, they are companies specializing in areas such as games, art, entertainment, and general metaverse development.
XCEED, a new blockchain solution for automotive companies
XCEED represents a new blockchain solution for European automotive companies. It is used for check the consistency of auto parts, from creation to production. It is developed and manufactured by Faurecia, Groupe Renault, Knauf Industries (recognized in the industry with its Bulle d’Air solutions brand, but also in construction and insulation), Simoldes and Coşkunöz, in association with IBM. XCEED relies on blockchain to track the consistency of thousands of parts, such as truck parts, assembled on an automobile in real time.
A solution that meets the growing need for transparency
This blockchain allows improve responsiveness and efficiency in an era of stricter regulations. In 2020, new market surveillance rules were adopted. They force stricter regulatory controls on vehicles that are already on the market. Therefore, the entire production line must adjust its business to comply with the regulations in a short time.
An inclusive platform for the benefit of European automotive companies
The objective of XCEED is to provide automotive companies with a traceability and compliance platform. This makes it possible to cope with regulations, customer needs, support competitiveness between industries and the domination of technology. It is inclusive, allowing to have access to a powerful digital tool. XCEED uses blockchain to generate a secure network for auto parts manufacturers to inform each other. This is done all the way through the supply chain to the car manufacturer.
How is XCEED useful for small businesses and international entities ?
The system is also designed for car manufacturers unable to afford the latest digital solutions. Small entities, for example, generally do not have the capacity to invest in new technologies. However, XCEED is within everyone’s reach. This solution takes into account the demands of the European market while granting a wide opportunity to third parties.
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