Catena-X – for a high-performance automotive industry in Europe
Summary
Catena-X
Due to global mechanization and ever increasing international performance pressure on the European automotive market, it has to evolve continuously. The next step is called Catena-X. The development of this network focuses on the easy connection of OEMs with smaller companies, a simple overview of business processes and a market place for the exchange of data and contracts.
Vision
Catena-X is a collaborative, open data ecosystem for the automotive industry of the future. It networks global players to form end-to-end value chains – with the approach of being simple, secure and independent. The goal is standardized, global data exchange based on European values. The claim is data sovereignty: Whoever makes data available retains control and decides individually who is involved in the data exchange, how, when, where and under what conditions. Catena-X ensures secure and reliable implementation.
The added value
New business opportunities and profitability – from medium-sized businesses to corporations: Catena-X aims to improve the competitiveness of all participating companies. Enabled and implemented are use cases for digital, end-to-end supply chains with secure, sovereign and standardized data exchange.
Benefits: with above-average resilience, innovative strength and earnings opportunities. Catena-X is openly designed: Additional industries and ecosystems can be included in the future.
Data chains could cushion crisis consequences.
The approach of Catena-X: to...
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Written by Carmupedia Editorial Office
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