CoinShots Logo
Mercedes-Benz & Polygon To Develop A Platform For Data Exchange
The new data-sharing platform from Daimler South East Asia, called Acentrik, will let businesses purchase and sell data in a decentralized setting.
Muskaan T.
11:51 28th Jul, 2022
Adoption

A blockchain-based data sharing network has been introduced by Daimler South East Asia, a part of the Mercedes Benz Group, using Polygon, an Ethereum Layer-2 scaling solution.

The blockchain network will also be utilized to exchange data from a variety of businesses, including insurance information, scientific studies, and clinical trials data, though it is a Mercedes-Benz affiliate product.

Acentrik is specifically designed for corporate users, with Know Your Business and other robust access restrictions. Instead of the data being stored on the blockchain, a non-fungible token (NFT) represents each dataset and a metadata hash is stored with it.

Although users have the option of using a stablecoin rather than a cryptocurrency to pay for data, transactions will be carried out on the public blockchains Polygon or the Ethereum Rinkeby test network.

However, Polygon gas costs must be paid using MATIC, the native token of Polygon.

The underlying data can be stored on IPFS or AWS S3 after all the necessary payments are made.

Source



CoinShots Logo

Social

Get in touch:

© 2022 Coinshots (AtlasZero LLC). All rights reserved.