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Mercedes-Benz implements a blockchain platform for data exchange

Customers: Daimler AG

Contractors: Ocean Protocol
Product: Projects based on blockchain technology

Project date: 2020/07

On July 7, 2020 it became known of that, the Ocean Protocol company developing the blockchain platform of the same name for data exchange completed the work on an algorithm together with Daimler automobile concern. The implemented technology will allow the producer of Mercedes-Benz cars to improve experience of interaction with data.

The Singapore blockchain startup and specialists of Daimler aimed efforts at finding opportunities of use of hostless systems for effective exchange of internal data on sales and other financial information among the international hubs of the company and also among external partners in logistics.

The vice president for technologies in Daimler Hartmouth Müller considers that the new blockchain project will allow to disclose the value of data, using advantages of decentralization. It is supposed that the collaboration with Ocean Protocol will allow to create the protected B2B-marketplace of data for their monetization.

Mercedes-Benz tests a blockchain platform for data exchange

The founder of Ocean Porotocol Bruce Pon who before within five years worked in IT department of Daimler, explained that the company of such level would need about $300 million to adjust process of harmonious interaction of all software, systems which are responsible for security and to set control of all processes. The solution blockchain will allow to cut down significantly expenses, to achieve complete supply chain visibility, having turned the IT system the company from an expense source into an income source.

Question of successful data exchange of sales and other financial information and also about operational purchase of parts and the equipment using blockchain technology COVID-19, especially relevant during a pandemic. Against the background of news about successful start of testing by Daimler company a solution blockchain the cost of a token (Ocean Protocol) of the Singapore startup increased by 15%.[1]

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