Rewards that BMW Vantage members will be able to get include discounts on vehicle maintenance or services provided by the firm’s partner companies. Furthermore, high-tier members could also receive invitations to cultural events that BMW organizes.
Known as XCEED (eXtended Compliance End-to-End Distributed,) the platform has been built using Hyperledger Fabric’s technology, and is being deployed in collaboration with IBM.
Last year’s initial trial saw BMW Group successfully purchase front lights, and the company now wants to expand the project to a broader range of participants. Ten suppliers are going to take part over the coming year, the company said.
A new report from CB Insights said investments in blockchain technology start-ups have tanked so far in 2019, and could end the year 60% lower than 2018. But the interest in the technology in the corporate world appears to be booming, with Fortune 500 companies investing more time and effort in bringing blockchain projects to fruition.
