10 partners from the automotive industry will further advance the Catena-X network with the Cofinity-X joint venture.
BMW Group, BASF, Henkel, Mercedes-Benz, SAP, Schaeffler, Siemens, T-Systems, Volkswagen and ZF have formed the Cofinity-X joint venture to accelerate the adoption of Catena-X use cases across the automotive industry.
Cofinity-X aims to create an open marketplace for applications and offer products and services to enable efficient and secure data exchange between all participants of the ecosystem, initially focusing on the European market. Cofinity-X will help make significant advances in operationalizing and building end-to-end data chains to track material flows along the entire value chain. The foundation of the operation will be the trusted Catena-X and Gaia-X principles that ensure full data sovereignty for parties sharing data in an open, trusted, collaborative and secure environment.
Cofinity-X aims to be one of the first companies to provide products and services for secure data exchange across the entire automotive value chain. “The challenges facing industries around the world today can only be solved with a common and holistic approach to improving all our value chains: making them more traceable, more sustainable, more resilient. Catena-X and Cofinity-X have the potential to be game changers in this endeavor,” says Oliver Zipse – Chairman of the Board of Management of BMW AG.
Future customers will have access to applications and services to implement use cases such as CO2 and ESG monitoring, Traceability, Circular Economy or Bussines Partner Data Management in the automotive value chain.