Vinturas, a consortium of leading European automotive logistics service providers in Europe reduces supply chain costs for manufacturers while improving the car-buying experience for customers when it uses the IBM Blockchain Platform to enable end-to-end visibility in the finished vehicle supply chain.
In Europe, it’s increasingly common for people to custom order cars from manufacturers, and customers are coming to expect an Amazon-like tracking ability for their new cars. Vinturas used the IBM Blockchain Platform to develop a secure tracking ecosystem that securely stores a consolidated history of each vehicle on a distributed blockchain ledger as it moves along the chain. By making the finished vehicle supply chain more visible, the new blockchain solution is expected to unleash a cascade of benefits. Car buyers stand to gain a vast improvement in the quality of their purchasing journey. Car manufacturers are expected to reduce their costs by 10 percent or more as a result of improved supply chain transparency, and fleet owners will gain a huge leg up in their planning and fleet allocation processes.