Mercedes-Benz Cars entwickelt erstmals Blockchain-Prototyp für nachhaltige LieferkettenMercedes-Benz Cars develops Blockchain prototype for sustainable supply chains for the first time

Mercedes Benz Adopts Blockchain For Transparent Supply Chains

German auto-maker Mercedes Benz owned by Daimler AG is piloting a blockchain project seeking to ensure more transparency in the complex supply chain in partnership with Icertis a leading provider of enterprise contract management solutions in the cloud.

Mercedes Benz Cars and Icertis have successfully developed and programmed a prototype. The pilot looks at how blockchain technology would aid in documenting contracts in supply chain and allow Daimler to vet third party suppliers.

“Blockchain technology has the potential to fundamentally revolutionize our procurement processes, and could affect nearly the entire value chain. Global supply chains are becoming increasingly complex. With our Blockchain-prototype, we are in the first step testing one of diverse possible applications with the aim of increasing transparancy beyond our direct suppliers.”, Wilko Stark, Member of the Divisional Board of Management Mercedes-Benz Cars, Purchasing and Supplier Quality

“Complex supply chains can be disclosed, the origin of which can be traced across the partners involved. The effectiveness of a Blockchain depends on the quality of the data and the level of digitisation. For this purpose Mercedes-Benz Cars will cooperate in partnership with its suppliers.” Daimler statement reads.

This would not be the first time Daimler AG has adopted blockchain technology, since 2017 Daimler has been a member of Hyperledger a project of the Linux Foundation for the development of technologies and applications based on blockchain.

The firm has also jointly with Landesbank Baden-Württemberg (LBBW) used Blockchain technology to execute a financial transaction: Through LBBW, Daimler launched a €100 million ($113.6m) “corporate Schuldschein” in parallel with the process that is required by regulatory authorities. The entire transaction was digitally carried out via Blockchain technology.

Source: Daimler,

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