Mercedes Benz uses the blockchain for used cars
Mercedes Benz uses the blockchain for used cars
Blockchain

Mercedes Benz uses the blockchain for used cars

By Alfredo de Candia - 30 Aug 2019

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Yesterday PlatOn, a startup specialising in preserving the privacy of computer data, such as that of cars, announced a partnership with the famous Mercedes Benz company with the aim of using the blockchain to track used vehicles.

 

The BMBS (Beijing Mercedes-Benz Sales Service Company) will use a blockchain-based platform, the Vehicle Residual Value Management Platform, to trade used cars from the company’s line of business.

The platform will provide greater efficiency and control over the vehicle’s data for the protection of the buyer.

As stated by PlatOn’s CSO, Ada Xiao,

“from electric vehicles to driverless cars, emerging technologies have come to rapidly shape the trajectory of innovation in the automotive industry to a model that champions greater security and sustainability. With over 6.5 million used cars in China traded in the first half of the year alone, we hope that our collaboration with BMBS will highlight the need for more sophisticated data collection systems to accurately monitor the value of the vehicles comprising China’s substantial used car market”.

Mercedes Benz had already indicated in the past that they were interested in the blockchain world, and other car companies have also entered this sector in the past, for example, Porsche and Toyota.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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