BMW Group uses Blockchain to drive supply chain transparency via MOBI HSV GTS Follow Apr 5 · 5 min read

Brief History of BMW

Bayerische Motoren Werke AG, commonly known as Bavarian Motor Works, BMW or BMW AG, is a German automobile, motorcycle and engine manufacturing company founded in 1916. BMW is headquartered in Munich, Bavaria. It also owns and produces Mini cars and is the parent company of Rolls-Royce Motor Cars.

or AG, is a German automobile, motorcycle and engine manufacturing company founded in 1916. is headquartered in Munich, Bavaria. It also owns and produces Mini cars and is the parent company of Motor Cars. It was the successor of Bayerische Flugzeugwerke AG, founded in 1916. 1916 is therefore considered BMW’s founding year.

The company was incorporated into Knorr-Bremse AG in 1920 before being refounded as BMW AG in 1922.

Five BMW Group Milestones

1916- Establishment of BMW in 1916

1923- BMW R 32- The first BMW motorcycle

1951- The BMW 501- The first post war BMW

1972- BMW starts up in South Africa

2001- Strategy- To be profitable and to enhance long term value from technological, structural and cultural perspective.

The mission statement up to the year 2020 is to become the worlds leading provider of premium products and premium services for individual mobility.

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BMW group uses blockchain to drive further progress in supply chain transparency

The BMW Group is using innovative digital technologies to optimise its processes.

A good example of this is Blockchain, a technology that enables tamper-proof data sharing with potential applications throughout the entire automotive value chain.

The BMW Group is using this technology in purchasing to ensure the traceability of components and raw materials in multi-stage international supply chains.

In 2019 BMW conducted a successful pilot project for purchasing front lights. This year we want to expand the project to a large number of other suppliers.

The automotive industry’s international supply chains are highly complex.

They generally involve numerous players at different delivery stages and often undergo rapid changes. For this reason considerable effort can be needed to clearly track a component’s origin or supply route.

Up until now it has been customary for the many partners to manage their own data separately.

The companies respective IT systems have not always been able to communicate consistently with one another.

For the BMW Group’s purchasing experts and its suppliers, ensuring transparency therefore involved considerable manual effort.

BMW and the MOBI connection

In a series of meetings in late 2017 and early 2018 more than fifty percent of the world’s top automakers, along with many start-ups, tech-giants, foundations and forward thinking mobility providers met to discuss the potential of blockchain to make mobility safer, greener and more affordable.

The attendees came to the conclusion that a lack of scale and common standards were major obstacles to realizing potential benefits. As a result, the group decided to found and launch MOBI in May 2018, obviously BMW being one of these attendees.

MOBI would be a way for these organizations to meet in a more structured environment to organize their discoveries and conversations around the space.

Since MOBI’s founding over 100 corporations, government, NGOs and nonprofits have joined the community and now actively participate in working groups, events, hackathons and weekly channel calls to promote MOBI’s shared vision.

About MOBI

MOBI is a nonprofit organization working with forward thinking companies, governments and NGOs to make mobility services more efficient, affordable, greener, safer and less congested by promoting standards and accelerating the adoption of blockchain, distributed ledger and related technologies.

Blockchains will increasingly impact the provision of mobility services since it enables business networks to reduce the cost of coordinating their activities.

MOBI hopes to build a worldwide network of cities, infrastructure providers, consumers and producers of mobility services in order to hasten the adoption of this technology and realize its many potential benefits.

Ocean Protocol contribute $1 Million to the MOBI Grand Challenge

MOBI and BMW group kicked off the MOBI Grand Challenge, a 3 year initiative which commenced in late 2018 to accelerate the development of autonomous vehicle technology and data sharing which Ocean Protocol are proud to support.

are proud to support. With a $1 million commitment over 3 years, Ocean Protocol is a cornerstone partner to help make data and services available to solve challenges to coordinate vehicles, identify obstacles and route autonomous cars.

is a cornerstone partner to help make data and services available to solve challenges to coordinate vehicles, identify obstacles and route autonomous cars. The Grand Challenge commenced on October 12, 2018 and culminated with a public demonstration of selected technologies at an event hosted by the BMW Group, MOBI and Trusted IoT Alliance, in Munich, Germany on February 15, 2019.

The goals of MOBI, Trusted IoT Alliance and the automakers are aligned with those of Ocean Protocol . The Grand Challenge is an excellent forum to bring the public, government, industry and academia together, while unlocking data and services for problem solvers . Working together accidents, congestion and environmental impact of mobility can be significantly reduced, while increasing the flow of goods and improving accessibility to everyone.

. The Grand Challenge is an excellent forum to bring the public, government, industry and academia together, . Working together accidents, congestion and environmental impact of mobility can be significantly reduced, while increasing the flow of goods and improving accessibility to everyone. The winners of this first phase received $100,000 in Ocean Tokens. A further $900,000 worth of Ocean tokens will be granted over the next 3 years in later phases of the Grand challenge.

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CONCLUSION