x
Black Bar Banner 1
x

Welcome to Markethive

Mercedes-Benz and Circulor Team Up to Launch Blockchain Pilot

Posted by Simon Keighley on February 11, 2020 - 5:03am

Mercedes-Benz and Circulor Team Up to Launch Blockchain Pilot

Mercedes-Benz and Circulor Team Up to Launch Blockchain Pilot

By Daily Hodl Staff

German luxury automobile maker Mercedes-Benz is focusing on the environment by teaming up with British startup Circulor to launch a pilot that promotes the transparency of CO2 emissions.

The companies will leverage blockchain tech to track carbon emissions of climate-relevant gases and the amount of secondary material used by the supply chains of battery cell producers. It plans to have a carbon-neutral new passenger car fleet ready in less than 20 years.

Says Markus Schäfer, member of the board of management of Daimler AG and Mercedes-Benz AG,

“We are the first manufacturer to use blockchain technology to map CO2 emissions in the global battery cell supply chain. In doing so, we are laying the cornerstone for effective improvements – for the environment and for our businesses.”

Blockchain technology aims to transform existing processes in the transportation, food, day labor and education sectors.

As industry leaders explore the technology that underpins Bitcoin and other digital assets, use cases for blockchain are proliferating beyond finance, payments and banking services and promise to make complex, paperwork intensive procedures involving multiple parties far more manageable, traceable and transparent.

Artice produced by Daily Hodl Staff

https://dailyhodl.com/2020/02/09/mercedes-benz-and-circulor-team-up-to-launch-blockchain-pilot/

 

ecosystem for entrepreneurs

 

Mihai Cristian Thanks for sharing Simon
February 11, 2020 at 11:15am