Mercedes-Benz Partners With Polygon to Develop a Data Sharing Platform

July 30, 2022

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Mercedes-Benz Partners With Polygon to Develop a Data Sharing Platform

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A part of the Mercedes-Benz Group, Daimler South East Asia has partnered with the Polygon (Matic) to make a blockchain-based data-sharing system that will be leveraged on the Ethereum Layer 2 scaling platform.

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Polygon and Mercedes Launch Acentrik

Polygon and Mercedes-Benz have unveiled Acentrik, a blockchain-based data-sharing platform that will let businesses buy and sell data on a decentralized protocol without the interference of any intermediaries.

Also, Mercedes-affiliated businesses will utilize this blockchain-based network to exchange data among firms.

The blockchain-based data is specifically made for large-scale use and includes a Know-Your-Business (KYB) and other features restricted to corporate use only.

On Acentrik, data is not stored on the protocol. Instead, NFTs are used to represent the dataset on which a metadata hash is stored on.

Acentrik is a decentralized market data hub made by Mercedes-Benz to assist with the storage of data as well as transfer. It utilizes the OceanONDA V4 smart contract protocol to run several data libraries.

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