Mercedes-Benz integrated blockchain in its activities

The large German automaker Mercedes-Benz has developed its own platform based on blockchain technology to improve the efficiency of controlling the complex supply chain.

Daimler AG division collaborated with an American company Icertis specializing in software development. The co-created platform is designed to store documentation and contracts related to procurement to make the system more transparent and stable.

According to the Mercedes-Benz manual, the blockchain allows you to track the entire process of creating value and technology can radically change the procurement procedures. By adding that it is now tested only on one of the many possible applications.

Another German automaker, Porsche, previously also reported plans