Daimler South East Asia, a part of Mercedes Benz Group, announced it will build its blockchain-based data sharing platform using Polygon, an Ethereum Layer-2 scaling system.
Polygon’s widespread adoption in various sectors across the globe is due to the choice of Polygon.
The Acentrik platform
Acentrik is the name of the new Daimler South East Asia data sharing platform. It will allow companies to buy and sell data in an uncentralized environment.
The platform, which is an associate of Mercedes-Benz, will be used to trade data across a variety of industries, including clinical trials data and insurance data.
Acentrik’s data will not be stored on the Blockchain, unlike other decentralized data platforms. Each data set on the Blockchain will be represented by a non-fungible token (NFT). Each NFT will hold specific metadata.
Why Mercedes-Benz chose Polygon as its base
According to Daimler South East Asia, selling and buying data will be done on Polygon or Ethereum Rinkeby testnet. To protect data’s value, businesses will use stablecoins to pay their bills.
Users will have to pay gas fees with the MATIC token.
After a user has made all necessary payments, they will have access to the data that will be available on AWS 53 and IPFS.
Sandeep Nailwal (co-founder of Polygon), commented on the developments and celebrated the feet by announcing the event. tweet That’s it:
“Mercedes Benz is the latest brand to be Powered By Polygon Onwards!”
The news also brought down the price of MATIC jumped by 10% To reach a daily high price of $0.9078 The coin was bullish at the time of writing and was trading at $0.8734.