Mercedes-Benz Manufacturer Daimler to Collect Data Using Blockchain
Mercedes-Benzâ€™ parent company has partnered with Ocean Protocol to use blockchain technology to privately collect and package data for monetization.
Ocean Protocol, a decentralized data exchange protocol focussed on data collation, sharing, and monetization, has announced a pilot project partnering with Mercedes-Benzâ€™ manufacturer Daimler AG.
Daimlerâ€™s South East Asia subsidiary will use blockchain-based solutions to gather and monetize the firmâ€™s data.
The pilot will demonstrate Ocean Protocolâ€™s recently launched “Compute-to-Data” protocol to protect the privacy of Daimlerâ€™s data while allowing the information to be analyzed and aggregated by third parties.
Mercedes trials DLT data pilot with Ocean Protocol
Ocean is hoping that the pilot will attract further partnerships with major global firms, describing the pilot as a scalable blueprint for deployment.
Hartmut Muller, Daimlerâ€™s vice president of IT, stated, â€œWe believe in the power of blockchain to unlock the value of data in a decentralized way.â€�
Frank Schur, Daimler Singaporeâ€™s senior manager of IT technology, described the decentralized data marketplaces as â€œan interesting positionâ€� providing â€œan exciting opportunity for aggregation of data with a clear compensation approach.â€�
Pilot uses Oceanâ€™s “Compute-to-Data”
The pilot will comprise the first major initiative employing Oceanâ€™s latest release, “Compute-to-Data.”
Launched in mid-May, Compute-to-Data seeks to allow entities to maintain the privacy of their data while allowing third-parties to perform â€œspecific computation jobsâ€� analyzing said information.Â
The results of the protocolâ€™s analysis can then be packaged for monetization or shared to inform scientific or technological research.
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