UMVA-China ( "众车联" is the largest and most comprehensive service platform for auto industrial supply China providing end to end supply chain services for customers including Ford, Volkswagen, Mercedes-Benz, Volvo, Toyota and Chery. The company was jointly established by Gongqing Journey Fund, Fuerda, Huaxiang Electronics, Daylight Group and other leading auto parts companies. It relies on the five major industrial sub-platforms and six service centers to empower the automobile industry chain to provide enterprises with supply chain finance, cloud logistics, big data and supply chain intelligence.

The partnership will integrate Guardtime’s KSI Blockchain and Resonance technologies starting with electronic contracting enabling financing institutions to provide faster and more assured customer financing, provide transparency for customs processing, enable precision recall as well as enable just in time stock and supply for automotive parts.

Jian Tan, CEO of Aletheia said:

“We are thrilled to be partnering with UMVA, we think the large and growing automotive supply chain industry is a perfect use case for blockchain technology providing end to end transparency for the provenance of parts, greatly speeding up customs processing and  the customer financing process by providing assurance to financing institutions regarding the veracity of customer data.”

Li Zhijun, CEO of UMVA said:

“Blockchain addresses an urgent need for the automotive supply chain in China, helping reduce fraud and providing end to end transparency for everyone in the value chain. We are excited to be partnering with Aletheia, to help bring this technology to market.”