8CIOReview | | DECEMBER 2021I would like to share with you my understanding of Blockchain technology, not as a geek but as a mechanical business engineer, the interest of this technology and why I think it will support our future industrial evolution.Making cars and delivering mobility services involves a lot of functions working in silos.Blockchain will change the way we work, allowing us to make links through all functions of all companies working together, and bringing more speed and reactivity in the exchanges and processes.Within one company, you don't need blockchain for achieving digital transformation. But when you work with external companies, when you need to certify information in a trustworthy mode without a third-party certification, when you have complex processes with several actors, or when you need time or money to reconcile data, Blockchain is the ideal solution.The Blockchain may be considered as a mesh above the processes and the databases of all the members involved in the network.Today, when we work in an ecosystem, each company has its own process to exchange data and information. So, we define a transformation matrix between the respective processes, and we spend more time in defining the means of exchanging than on working on the data itself.With Blockchain, each data owner loads their data in the ledger. We have a lean ecosystem process focusing on data and the data model instead of the exchange format.Due to the security and mode of data exchange, Blockchain technology is not very intrusive and may be implemented reactively.We see 3 steps in implementation of Blockchain for helping us in our future evolution.The first step is the change of the network.Let's take the example of the production ecosystem of an OEM with its suppliers. Today, we work in a star network where the OEM is at the center of the star, and all the information exchanges through the ecosystem are passing through the center of the star. With blockchain, we flatten the network and we can allow by governance direct data exchange from one supplier to another, while remaining compliant with antitrust law.The second step is the automatic check and alert of data, thanks to the smart contract. The smart contract is neither smart nor a contract, but only the execution of an algorithm. Why it is so important in our industry? Because, we have, through the ecosystem, a lot of information and data protected by confidentiality or intellectual property. HOW BLOCKCHAIN CAN SUPPORT FUTURE INDUSTRIAL EVOLUTIONBy Odile PANCIATICI, Blockchain Project VP, Groupe RenaultIn difficult times, collaboration is the only way to continue progress and innovation. Blockchain projects are collaborative projects including shared expenses and shared risksIN MY OPINION
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