Daimlers Mercedes and Ocean Protocol Test Blockchain Data Sharing in Supply Chain

Wednesday 08 July 2020, 7:34 PM AEST - 6 months ago

Mercedes maker Daimler AG said that it will use blockchain-based data-sharing solutions to streamline and maintain transparent data flow across its global offices and worldwide production hubs.

Daimler AG, the parent company of Mercedes-Benz, and Ocean Protocol together have completed a new blockchain-powered proof-of-concept. The two companies have joined hands to explore the decentralized sharing of internal organizational data.

Ocean Protocol is a Singapore-based blockchain data-sharing platform. Using Oceans solutions, Daimler will create decentralized sharing of its financial and sales data among its several production hubs as well as externally with some of its supply chain procurement partners. For example, Daimler AG will connect its Stuttgart headquarters with the Singapore hub on a blockchain platform.

This will help the automobile giant access worldwide data in a transparent and secure manner. Using robust blockchain technology, Daimler aims to streamline its operations further and extract crucial insights from some undiscovered datasets. Moreover, it also helps to maintain transparency and keep a check on whos looking at what.

Hartmut Mueller, Vice President IT Technology & Cross Functions, Daimler AG, said:

We believe in the power of Blockchain to unlock the value of data in a decentralized way. On our journey towards a data driven company this collaboration with Ocean protocol enables us to build a secure enterprise B2B data marketplace to monetize and put data to work.

Mercedes Blockchain Network

Automobile giants are slowly focusing on shifting to blockchain as the industry sees a major disruption with electric vehicles and self-driving cars. Giants like Daimler, BMW, and General Motors are testing new blockchain solutions like vehicle identity and day inputs of autonomous vehicles.

Bruce Pon, Founder of Ocean Protocol, has previously worked in Daimlers IT Department for five years. As per Pon, the company of the size of Daimler can easily spend $300 million to introduce software security measures. Speaking about the recent partnership, Pon said:

We are honored to deliver this pi ...

Read full story on Coinspeaker

Disclaimer: The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.