blockchain"provides for greater transparency and also reduces the administrative burden. Each of the three phases of an issuance — preparation, marketing and implementation — is set to benefit from digitization."
The company is also using the technology to gain insights into its supply chains.Daimler subsidiary Mercedes-Benzin February 2019 that it was trialing blockchain in its supply chain to improve transparency beyond its direct suppliers, such as by tracing raw materials to ensure they are ethically sourced.
Daimler isn't alone in developing blockchain solutions for the automotive industry.Major automakers including BMW, Renault, GM, and Ford areof the mobility open blockchain initiative , a consortium pushing blockchain's use in the mobility industry. Blockchain is an area of interest among other automakers as it can allow them to derive additional revenue from their vehicles — blockchain could enable the automotive industry to create a global market for extra services of overThe hardware wallet could help Daimler improve its mobility partnership with BMW.