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German automotive brand Mercedes-Benz Car has developed a platform based on blockchain technology to increase the transparency and durability of complex supply chains, according to a press release issued Feb. 25.
Mercedes-Benz, a division of Daimler AG, a German multinational automotive company, has partnered with the US software company Icertis to cooperate in the development of blockchain technologies for use in the automotive industry. supply chain.
Mercedes-Benz announced that it has jointly developed and programmed a prototype with Icertis based on blockchain technology, which can store documentation and contracts in complex supply chains.
The project creates a transparent and sustainable mapping of documents sorted throughout the supply chain, the press release says. The parties have now entered the test phase of the pilot project.
Wilko Stark, a member of the board of directors of the Mercedes-Benz division, points out that blockchain technology could affect "almost the entire value chain," adding:
"Blockchain technology has the potential to revolutionize our supply processes […] With our Blockchain prototype, we first test one of several possible applications in order to increase transparency beyond our direct suppliers. "
As Cointelegraph wrote on September 26, Porsche AG, another major German manufacturer, has announced its intention to increase its investments in blockchain-related startups in order to 'be able to access trends, new technologies and business models ".
Earlier this month, Itochu Corporation, one of the largest general trading companies in Japan, officially announced the launch of a proof of concept aimed at setting up a traceability system based on the blockchain, which would allow buyers and sellers to record transaction details related to supply chains. smartphone app, Cointelegraph reported on February 1st.
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