Mercedes-Benz Leverages on Blockchain for Secure, Tamper-Proof Data Tracking, Powered by PlatON

Collaboration will be launched in Beijing to bring greater cost-efficiencies and auditability to Beijing’s billion-dollar used car market   Beijing, China – PlatON, the pioneering global privacy-preserving computing network, has developed a bespoke blockchain-based ‘Vehicle Residual Value Management Platform’ for the used car business line of Beijing Mercedes-Benz Sales Service Co.,Ltd. (BMBS). The platform will store static data and dynamic data, which will be used automatically compute a vehicle’s residual value throughout its lifecycle.   Ada Xiao, CSO at PlatON, said, From electric vehicles to driverless cars, emerging technologies have…

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The Auto Block: Blockchain for Automotive Industry

The Blockchain technology was featured on Gartner’s Top 10 Strategic Technology Trends list back in 2016. This ingenious trend has gained quite a lot of popularity in the last few years and even though it was initially developed for the digital currency, Bitcoin, it has proven useful in many other areas such as the internet and automation.     In a nutshell, the Blockchain technology makes it possible for information to be recorded and distributed, without being copied. While Blockchain has a lot of other benefits as well, the one…

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