Daimler, the manufacturer of Mercedes-Benz cars, has revealed its active use of blockchain technology in its various production processes, according to a report. “Ledger Visions” Issued on September 24, 2020.

Daimler Explores Blockchain Technology:

Daimler AG, a German multinational car company that manufactures commercial vehicles and luxury cars such as Mercedes-Benz cars, has revealed a number of blockchain-based projects it is currently working on.

Through the “Startup Autobahn” exhibition held on September 24, 2020, the leading car manufacturer shared some of the decentralized identity projects it is currently working on in cooperation with some major blockchain companies including “Spherity” and “Ontology”.

Specifically, Daimler and Spherity are developing a blockchain-based decentralized identity solution powered by Hyperledger Indy.

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The team says that the system allows organizations to easily verify their identity and credentials and automatically sign agreements.

Additionally, Daimler is also working with Ontology and leveraging its blockchain to develop MoveX, a decentralized identity solution that aims to enable users to enjoy a multitude of mobility services without sacrificing privacy.

Benefits of relying on blockchain technology:

Commenting on the innovative initiatives, Dr. Harry Burns, President of the Daimler Mobility Blockchain Factory, emphasized that decentralized identity brings tremendous benefits to customers, stating:

Innovation enables you to combine services from different companies and deliver them to the customer as if one company had delivered them.

Clients are recognized once, across the entire system so they can sign transactions with any of the operators.

This is one of the advantages of blockchain and this is the real revolution behind blockchain technology and distributed ledger.

Daimler and Mercedes-Benz have made their way to blockchain technology. In 2018, Daimler introduced MobiCoin as part of plans to reward eco-friendly driving habits.

It is worth noting that Mercedes first announced its plans to adopt blockchain technology in February 2019, when it revealed plans to pilot the revolutionary technology to bring greater transparency to the supply chain.

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Earlier in January 2020, Mercedes-Benz launched a blockchain trial that aims to track carbon dioxide emissions across its cobalt supply chain.

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