Vinturas is launching a blockchain-based digital platform to provide full visibility of the automotive supply chain.
Vinturas is a consortium of leading European automotive logistics service providers, such as Axess Logistics, Koopman Logistics Group, NVD and AutoLink, which aims to provide end-to-end visibility and transparency for all elements of the supply chain for finished vehicles.
The platform, which uses the blockchain technology provided by IBM, will be operational from September 2019.
At present, the logistics infrastructure of the automotive industry is not coordinated or organised in such a way as to share information from various sources but is characterised by unstructured flows that are incapable of communicating with each other. In this way, it is absolutely impossible to trace the production chain of the vehicles to the final dealer.
This opens the way to forgeries, such as the famous artificially altered mileage, and consequently to a lack of transparency that Vinturas aims to increase by digitising all aspects of the supply chain from the factory to the dealer. In addition, the logistical process of the vehicles used in Europe will also be followed so as to allow for a better shopping experience for consumers.
With this new platform, it will be possible, for example, to inform customers precisely about the estimated time of arrival of new vehicles, or to manage practically in real time the European flows of information for fleet owners, so as to improve planning, optimise stocks and save costs.
In addition to the four founding companies of the consortium, the maritime transport company EML has also committed to participate in the project for its part, but Vinturas is an open ecosystem and therefore also accessible to all other actors in the logistics of finished vehicles.
“Vinturas aims to be the leading platform in Finished Vehicle Logistics. We strongly believe in the power of collaboration. The launch of Vinturas with four well-known logistics service providers and our choice of IBM as technology partner shows our long-term commitment to delivering sustainable value. We do believe the future of our industry is in collaborating and democratic data-sharing. By working together, we can unlock significant value for all players in our industry”.