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What are the Roles of Microsoft Azure and Amazon Web Services in BMW Group's Blockchain Pilot?

BMW Group, a famous global premium manufacturer of motorcycles and automobiles, seeks to expand its pilot blockchain project, dubbed PartChain, to its international supply chains that are muddled in complexity. According to an official announcement, blockchain technology will be instrumental in propelling the traceability and transparency of crucial raw materials and parts as it will ease data sharing. 

BMW Group merges blockchain and cloud technologies

BMW Group houses popular brands, such as Rolls-Royce, BMW Motorrad, MINI, and BMW. The Group has 31 assembly and production plants spread across fifteen countries with a workforce of 133,778 employees. 

In 2019, PartChain was successfully piloted in the purchase of front lights, and the manufacturer wants to go a step forward to incorporate more international suppliers in the blockchain project. It was initially used in three locations belonging to the automotive lighting supplier, as well as two of the BMW Group’s plants. 

For the seamless traceability of parts, BMW Group has combined blockchain and cloud technologies by using Microsoft Azure and Amazon Web Services as this enables the tracking down of components’ origin without permitting any manipulation. 

Andreas Wendt, a board member of BMW AG, noted, “PartChain enables tamper-proof and consistently verifiable collection and transaction of data in our supply chain.”

By leveraging on blockchain and cloud technologies, BMW Group intends to thrust the digitalization of purchasing to unprecedented heights as information within international supply chains will be shared and exchanged anonymously and safely. 

Blockchain guarantees transparency

Transparency is fundamental when it comes to the supply of finite resources like batteries. By deploying blockchain technology, BMW Group will be in a position to have a transparent extraction of raw materials. 

Earlier this year, Mercedes Benz partnered with Circular, a blockchain startup, to trace carbon emissions in the cobalt supply chain. Blockchain technology is, therefore, being integrated into the automotive industry for environmentally friendly practices, as well as the transparency and traceability of raw materials.

Image via Shutterstock

Coinbase Plans to Transition into the AWS of Digital Currencies

Coinbase’s Chief Product Officer Surojit Chatterjee announced the company’s plans to transition into the Amazon Web Services (AWS) of the digital currency ecosystem.

Speaking at an exclusive interview with Forbes, Chatterjee detailed the crucial role Coinbase Clouds (Bison Trails) has to play in the company’s future ambitions.

“We want to be the AWS of crypto,” said Chatterjee in the interview. “We are building this whole Coinbase Cloud suite of products that you can think of as crypto computing services, to help developers build their applications faster.”

AWS started more than 20 years ago as a backbone infrastructure provider that now powers a large number of websites and applications today. Among applications, the subsidiary of Amazon powers includes digital currency trading platforms Crypto.com and recently, Ethereum unveiled that its blockchain will now leverage AWS infrastructure for scalability.

Just like AWS started as a small offshoot of the parent company, it now accounts for as much as 63% of the total revenue that the firm earns per annum. With Coinbase’s revenue source primarily centred on transaction fees, with Bison Trails, the firm hopes to earn additional revenue through subscription-based services by building a cloud infrastructure that can power a number of crypto-focused applications.

“Crypto is not just buying and selling tokens, it’s building this whole financial system on top of the blockchain. We think we can play a big part in leading our customers to the utility phase of crypto from this first phase, which is more investment or speculation driven…our goal is to be the primary financial account of the crypto economy for our customers,” said Chatterjee.

Coinbase Clouds currently powers as many as 25 protocols and supports over 60,000 nodes. The company is making advances in its cloud provisions and this is notably being reflected in its revenue thus far. By modelling a working growth path, Coinbase believes Bison Trails can do for crypto what Amazon Web Services is doing for the internet world.

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