Mercedes-Benz and Polygon to develop a blockchain-based data sharing platform

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Daimler South East Asia, part of the Mercedes-Benz Group, introduced a data-sharing community primarily based on blockchain technology, which can leverage the Ethereum Layer-2 scalability platform Polygon to launch its product. 

A brand new data-sharing platform dubbed Acentrink, will let companies buy and promote and commerce knowledge in a decentralized setting. The brand new platform comes from the partnership between Daimler South East Asia and Polygon. Moreover, it can permit customers to commerce completely different knowledge, together with insurance coverage data, medical trials, and extra

On July 27, in a tweet, the co-founder of Polygon introduced the partnership with Mercedes-Benz:

Whereas on July 28, the Polygon CEO adopted up with a tweet:

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“The initiative additional showcases the widespread adoption of the Polygon community by prime manufacturers. Polygon continues to showcase its potential as one of many prime blockchain platforms enterprises can depend on.

With options like ‘Know Your Enterprise’ and different complete entry controls, Acentrik was developed with enterprise customers in thoughts from the bottom up.

That is almost certainly not the primary blockchain-based data-sharing program that has made use of blockchain expertise. However, slightly than the info being saved on the blockchain, a non-fungible token (NFT) is used to signify every dataset.

Polygon platform

Customers will pay with stablecoins as a substitute of cryptocurrency for the info, though all transactions will occur on the Polygon community. Consequently, Polygon fuel prices have to be paid utilizing MATIC, the community’s native cryptocurrency.

Polygon’s cryptocurrency MATIC has skilled stable good points just lately. Within the final 24 hours, MATIC’s value shot up by 9.95% and trades at $0.95 on the time of writing. 

Polygon (MATIC). Supply: CoinMarketCap

Moreover, the Polygon blockchain just lately launched its zkEVM answer that provides a considerably increased throughput whereas sustaining the Ethereum community safety. 

Information safety

Though knowledge sharing is a really delicate matter and infrequently controversial; nonetheless, with on-line companies rising, the necessity for knowledge sharing has exploded throughout varied industries. 

Machine studying and synthetic intelligence require lots of knowledge, whereas companies possess immense volumes of knowledge with out buying the complete monetary advantages of it. That has led to the event of a knowledge market the place enterprises should buy and promote knowledge.

This strategy permits new tech corporations to take part in blockchain-based knowledge sharing initiatives, which helps them achieve a footing inside a data-driven aggressive world and ensures better safety and privateness for customers. 

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