Ocean Protocol, a Singaporean decentralized data exchange protocol to unlock data for monetization, has successfully delivered a pilot project for German car maker Daimler.
The focus of the collaboration is to explore decentralised data orchestration for Daimler, involving all the components of the Ocean Protocol with an end-to-end solution using the Ocean blockchain network, access control, data discovery, decentralized storage and Ocean’s latest release, Compute-to-Data.
“We are honoured to deliver this pilot project for Daimler, a company with a clear vision on how blockchain technology can unlock data sharing and make operations more efficient. With this pilot, Daimler demonstrates its continued leadership in the automotive industry,” stated Bruce Pon, Founder of Ocean Protocol.
The project is an important step in showing that decentralized solutions can be deployed for enterprises by using the leading-edge capabilities of the Ocean Protocol technology stack.
Daimler AG has an international footprint where every business unit could participate in a data sharing ecosystem internally within Daimler and externally with service partners.
Hartmut Mueller, Vice President IT Technology & Cross Functions, Daimler AG, says that the company believes in the power of Blockchain to unlock the value of data in a decentralized way.
“On our journey towards a data driven company this collaboration with Ocean protocol enables us to build a secure enterprise B2B data marketplace to monetize and put data to work”.Hartmut Mueller, Vice President IT Technology & Cross Functions, Daimler
The need for easy data sharing across the company structure calls for decentralized technologies, where on-boarding, user authentication and sharing can be activated while ensuring security and allowing participating companies to maintain control over their data.
Frank Schur, Senior Manager IT Technology and Cross Functions, Daimler Singapore, remarked that the decentralized data marketplace is an interesting proposition and an exciting opportunity for aggregation of data with a clear compensation approach.
“Using Ocean Protocol, we want to implement this in a secure and transparent way”.
The Ocean enterprise data marketplace is an end-to-end solution that can be customised for enterprises from all industry verticals to maximize data sharing and data monetization: users can publish and consume data, store and retrieve data from decentralized storage and run compute on data.