Altcoin News: Mercedes-Benz Uses Blockchain to Increase Supply Chain Transparency
The German car maker Mercedes-Benz launched its own blockchain service. It is used to control the supply chain.
The internal services of Daimler AG Corporation (owner of Mercedes-Benz) and the developer from the USA Icertis participated in the development of the service. On the blockchain, the automaker stores procurement documents and contracts for the purpose of greater transparency in this area.
The company’s management noted that thanks to a distributed registry, it is possible to track the value creation process. Mercedes believes that the blockchain can radically change the entire procurement procedure. The company also noted that procurement is not the only area in which the blockchain will be used. After successful testing, the technology can spread to other areas of work.
Note that the use of the blockchain in the auto industry is becoming more and more common. So about the introduction of a distributed registry in business processes announced BMW. The company plans to introduce technology in the field of customer data protection and production processes. Also, together with the company DOVU, the automaker launched a blockchain platform for tracking the mileage of rented cars. During tests, drivers who have agreed to participate will be rewarded with special tokens, which can then be used to purchase any goods or services, for example, to replace the rubber. Note that information about the upcoming testing appeared in May last year, and the test itself was calculated for 2 months, but its results have not yet been reported.
Recall that in the same period — in the spring of 2018 — GM, BMW, Ford, and Renault created the blockchain-consortium MOBI. The association is exploring the possibilities for the use of the blockchain in the auto industry. Directions in which the organization is looking for ways to integrate the blockchain: payments, data collection, supplies, finance, unmanned vehicles, and car sharing systems. In addition to automakers, blockchain developers and technology companies have entered the consortium.
The blockchain also introduces Porshe, not only into business processes but also directly into car control systems, for example, into the door-opening mechanism. The blockchain is also being introduced by the Spanish state company SEAT and Japanese Toyota.
Author: Marko Vidrih