SEAT joins Alastria blockchain technology consortium

Jan 25, 2019   Supply Chain

SEAT has joined the Alastria infrastructure, the first semi-public multisectorial consortium which aims to provide a venue for digital cooperation in an independent, neutral network where blockchain technology-based products and services are developed.

With this new move, which makes SEAT the first car manufacturer in joining this pioneering network of over 70 major businesses and institutions, the company aims to test and further progress the development of blockchain technology and encourage synergies with other participating companies.

Blockchain technology has been around since 2009 and represents an evolution with respect to the networked communications we know today. Easy accessibility to information, which is increasingly instantaneous, sometimes leads to unreliable data, diminished security and insufficient verification of those involved in the communication processes with external suppliers. In this sense, the aim of this technology is to transform industries by generating an exchange of goods and services without the need to include third parties, and therefore enhance procedural security.

SEAT President Luca de Meo pointed out that, “being a part of the Alastria network opens up new possibilities for developing services and products with complete confidence and security”, adding that “we are the first carmaker to join this ecosystem which comprises the country’s major companies. We are convinced of the importance that blockchain technology will have in the future, and for this reason we want to be involved from the outset.”

Applying the technology in strategic areas

The aim of SEAT’s move to join the Alastria network is to enable several company divisions to have a first contact with blockchain technology and learn about the possible benefits that this knowledge can bring to different areas. More specifically, production will be the first department to reinforce the development of this technology, with the main goal of studying the potential advances of Industry 4.0. Another area where SEAT wants to put blockchain solutions to work is finance, beginning with testing new initiatives to improve standard procedures.

SEAT’s blockchain experience

SEAT joining the Alastria network is another example of bringing this technology closer to the company. In this sense, it has already taken its first steps in applying blockchain in its processes. For example, in collaboration with Telefónica, the company is working on a blockchain-based proof of concept to improve the traceability of parts in the Martorell factory’s supply chain.

Don't miss out

Be the first to know about the latest news in the automotive and transportation industry, through our weekly mailer and bi-monthly publications.

Automotive Purchasing and Supply Chain
New Mobility
Automotive Global Awards
Automotive Leaders Summit
Future Logistics
Automotive Purchasing and Supply Chain | Three6Zero Ltd© 2004-2019