Mercedes-Benz and Polygon to develop a blockchain-based data sharing platform
Daimler Southeast Asia, part of the Mercedes-Benz Group, announced a data sharing network based on blockchain technology, which will leverage the Ethereum Layer-2 scalability platform Polygon to launch its product.
A new data sharing platform called Acentrink will allow businesses to buy, sell and trade data in a decentralized setting. The new platform comes from the partnership between Daimler Southeast Asia and Polygon. Furthermore, it will allow users to trade various data, including insurance information, clinical trials and more
On 27 July ia chirpingthe co-founder of Polygon announced the partnership with Mercedes-Benz:
While on July 28, the Polygon boss followed up with one chirping:
“The initiative further demonstrates the widespread adoption of the Polygon network by top brands. Polygon continues to showcase its potential as one of the best blockchain platforms businesses can trust.
With features like “Know Your Business” and other comprehensive access controls, Acentrik was developed with business users in mind from the ground up.
This is most likely not the first blockchain-based data sharing program to adopt blockchain technology. On the other hand, instead of the data being stored on the blockchain, a non-fungible token (NFT) is used to represent each data set.
Polygon platform
Users can pay with stablecoins instead of cryptocurrency for the data, although all transactions will happen on the Polygon network. As a result, polygon gas costs must be paid using MATIC, the network’s native cryptocurrency.
Polygon’s cryptocurrency MATIC has experienced solid gains recently. In the last 24 hours, MATIC’s price has increased by 9.95% and is trading at $0.95 at the time of writing.
Furthermore, Polygon blockchain recently introduced its zkEVM solution that offers a significantly higher throughput while maintaining Ethereum network security.
Data security
Although data sharing is a very sensitive issue and often controversial; but with increasing online services, the need for data sharing has exploded across various industries.
Machine learning and artificial intelligence require a lot of data, while companies hold vast amounts of data without realizing the full economic benefits of it. This has led to the development of a data marketplace where companies can buy and sell data.
This approach allows emerging technology companies to participate in blockchain-based data sharing initiatives, helping them gain a foothold in a data-driven competitive world and ensuring greater security and privacy for users.
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