Ocean Protocol has successfully completed a pilot project for the Stuttgart-based car manufacturer Daimler. The focus of the cooperation, Ocean Protocol continued, was to test a decentralized data management for Daimler. All components of Ocean Protocol were used in the process.

Ocean Protocol sees the cooperation with Daimler as an important step to show that decentralized solutions can also be of interest to companies. In order to optimize data management at Daimler both internally and externally, the use of block chain or other distributed ledger technologies would be an obvious choice. Especially in the on-boarding area and the authentication of users, progress could be made by using the Ocean Protocol.

We believe in the power of block chain to unlock the value of data in a decentralized way. As we move towards a data-driven enterprise, this collaboration with Ocean Protocol will enable us to build a secure B2B data marketplace for companies to monetize and leverage data.

Hartmut Mueller, Vice Chairman IT Technology & Cross Functions, Daimler AG.

The cooperation for the monetization of data through the Ocean Protocol is not the first time that the Stuttgart car manufacturer has approached decentralized technologies. For example, it was announced in March that Daimler, together with the Landesbank Baden-Württemberg, is using block chain technology for booking promissory notes. The company had paid out a loan with a volume of 25 million euros and a term of two years. The transaction was marketed via the digital financing platform Debtvision and processed by LBBW using distributed ledger technology.

Previously, in September 2019, Daimler and the mechanical and plant engineering company Dürr AG had conducted a trading business via the blockchain platform Corda. In doing so, they relied on the Marco Polo trade finance network.