Mercedes Benz Becomes Latest High-Profile Brand to Adopt Polygon
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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.
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 the only blockchain network to be picked by the Walt Disney Company.
With this, Polygon will have access to investment capital and co-working space at the entertainment giant's creative campus in Los Angeles. Additional perks include mentor support and guidance from Disney executives, entrepreneurs, investors, and business leaders from the entertainment and technology fields.