Mercedes-Benz partnered with Polygon to create a blockchain-based data sharing platform

A blockchain-based data-sharing network has been unveiled by Daimler South East Asia, a division of the Mercedes-Benz Group. The network will use Polygon, an Ethereum Layer-2 scalability platform, to launch its offering.

Businesses will be able to buy, sell, and trade data in a decentralized environment thanks to a new data-sharing platform called Acentrink. The collaboration between Daimler South East Asia and Polygon produced the new platform.

Additionally, it will enable users to exchange various types of data, such as clinical trial data, insurance information, and more.

The deal with Mercedes-Benz was revealed by the co-founder of Polygon on July 27 in a tweet:

On July 28, the Polygon CEO followed up with a tweet, saying that the initiative further showcases the general adoption of the Polygon network by top brands. Polygon keeps showcasing its potential as one of the top blockchain platforms enterprises can rely on.

Acentrik was created from the bottom up with corporate users in mind, with features like "Know Your Business" and other extensive access controls.

There are probably other blockchain-based data-sharing programs that have been implemented before this one.

On the other hand, each dataset is represented by a non-fungible token (NFT) rather than being stored on the blockchain.

Users can pay for the data with stablecoins rather than cryptocurrencies, but all transactions must take place on the Polygon network.

As a result, MATIC, the network's native cryptocurrency, must be used to cover Polygon's gas expenses.

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