Mercedes Benz Becomes Latest High-Profile Brand to Adopt Polygon

The widespread adoption of Polygon across mainstream brands continues as Mercedes Benz, the world-renowned luxury car manufacturing company, becomes the latest to adopt its technology to launch a blockchain-based data sharing platform. Mercedes Chooses Polygon for Blockchain Platform Launch Mercedes Benz Group’s Daimler South East Asia has tapped Polygon (MATIC) network to launch a blockchain-based data sharing platform. Through Acentrik, enterprises will be able to buy and sell data, ranging from insurance information to clinical trials data. However, unlike other initiatives, which store data on the blockchain, an NFT will be used here to represent each dataset, with a metadata hash stored with it. Transactions are executed on public blockchains like Polygon or the Ethereum Rinkeby test network, but users have to pay for data with a stablecoin rather than a cryptocurrency. However, gas fees are to be paid with Polygon’s MATIC token. Once the transaction is complete, the underlying data gets stored on AWS 53 or IPFS. Mercedes Benz @MercedesBenz is the latest brand to be #PoweredByPolygon Onwards!https://t.co/41kXlEYavs — Sandeep | Polygon 💜🔝3️⃣ (@sandeepnailwal) July 27, 2022 With the latest news, Polygon continues to showcase its potential as one of the top blockchain platforms enterprises can rely on. Earlier, Disney announced the 2022 participants of its accelerator. Among the six companies picked was Polygon, becoming t...