(CercleFinance.com) – BASF, the BMW group, Henkel, Mercedes-Benz, SAP, Schaeffler, Siemens, T-Systems, Volkswagen and ZF announce the joint launch of their joint venture, Cofinity-X, a structure which aims to promote the adoption of the Catena-X network enabling the secure exchange of data throughout the automotive value chain.
Future users will, for example, be able to access applications and services such as CO2 and ESG monitoring, traceability, the circular economy or the management of data from their business partners.
The partners specify that the exchange of data between the parties will be based on sovereign, secure and standardized principles without imposing a locking effect on certain solutions and that each partner will retain full control of its own data.
Through this project, the main car manufacturers are sending a strong signal: their investment in Cofinity-X underlines the commitment of the founding partners to set up the Catena-X ecosystem. Finally, each shareholder will hold an equal share in this joint venture.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
