Portuguese industrial group Simoldes is one of the members of a blockchain (decentralised database) project for the automotive industry.
The plastics manufacturer is part of the Xceed consortium, which aims to be a shared solution for tracking thousands of car parts in near real-time.
The technology is being developed by IBM.
The consortium includes automotive group Renault, components company Faurecia, Knauf Industries and Turkish Coşkunöz.
The consortium was born in 2019 but only later presented to the market after successful tests in consortium members’ factories in Spain, France and Turkey.
The Xceed solution uses blockchain technology to create a trusted database that allows information to be shared between parts/systems manufacturers and carmakers.
Although the database is shared, confidentiality of information, intellectual property and data is guaranteed.
From 11 to 13 October 2022 the IZB International Suppliers Fair was held (again) in Wolfsburg – the home of Volkswagen, where Simoldes Plastics was present.
The event was extremely positive for the Simoldes Group with many interactions with customers, in particular from the VW Group.
The Simoldes team was available to meet with engineers and buyers, to show them our products, our innovations… and also to introduce them to Portuguese gastronomy!
The commercial discussions were enriching and full of positive energy – we could indeed feel a strong desire for physical interaction that has been missing in recent years and the willingness of customers to see the faces of suppliers.
Many innovations attracted the Volkswagen teams, notably our cork-packed parts, our lighting technologies and our new sodium-ion battery project.
