Polygon Teams Up With Mercedes To Create A Blockchain Data Solution

Mercedes-Benz doesn’t just dabble in automobiles…

The German precision engineering giant is reportedly teaming up with Polygon to offer a blockchain data exchange solution for businesses called Acentrink.

Daimler, a subdivision of the Mercedes-Benz group, will be working directly with the layer-2 scaling solution to facilitate streamlined and decentralized exchange-trading of data between businesses and firms.

Currently, data is a hot commodity between institutions, firms, and businesses, but no robust, decentralized exchange exists for the trading of information back and forth.

To date, Chainlink is the only notable contender with high hopes of being the blockchain solution for certain organizations to monetize their data, but no plans have yet been made for a full-fledged decentralized data exchange on Chainlink.

Here’s what everyone is saying:

Great use case👇

A blockchain-based data sharing network has been introduced by a part of the Mercedes Benz Group, using @0xPolygon

Businesses will be able to buy, sell + exchange data in a decentralised setting including insurance, scientific studies, + clinical trials data

— Greg Waisman (@gwaisman) July 29, 2022

Daimler South East Asia, part of the Mercedes Benz Group, introduced a blockchain-based data sharing network called Acentrik that is specifically designed for corporate users.

— Mayhem (@Mayhem247Ai) July 29, 2022

Finbold provided some insight into potential use cases:

Furthermore, it will allow users to trade different data, including insurance information, clinical trials, and more

Mercedes Benz Group recently announced that Polygon would be the foundation for their blockchain-based data sharing platform.

More and more brands have already started using blockchain technology 🔥

— nidhi.eth (@nidhi_t_) July 29, 2022

Nice piece for the Navy 🌊💜https://t.co/JR0I8dPO9a

— Cryptowally 🌊 (@cryptowally2) July 27, 2022

Ledger Insights explains

Acentrik is squarely targeted at enterprise users, including Know Your Business and extensive access controls. The data is not stored on the blockchain, but a non-fungible token (NFT) represents each dataset and a metadata hash is stored with it.

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