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BMW announces PartChain supply blockchain for tracking automotive parts – SiliconANGLE

BMW announces ‘PartChain’ supply chain blockchain for tracking automotive parts – SiliconANGLE

Major automotive manufacturer BMW announced the planned launch of its blockchain-powered supply chain management solution called “PartChain” on Tuesday. According to the company, PartChain will launch in conjunction with ten of its suppliers in 2020. The BMW Group intends to use distributed ledger blockchain technology to provide transparency and traceability of components and raw materials used in the production of automobiles.