NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

Daimler Takes Blockchain for a Spin with a €100 Million Bond

Gautham
Gautham
4 years ago
2 mins read
Dutch Central Bank Report Acknowledges Bitcoin And Blockchain

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The use of blockchain technology for lending and trade financing is one of the most important applications currently being explored by banking institutions across the world. Many of these projects are either in trial or pilot stage. Daimler AG, the leading German automobile manufacturer, has decided to make use of the cryptocurrency ledger technology for similar purposes recently.

Daimler, in partnership with Landesbank Baden-Württemberg (LBBW) recently announced the creation of a blockchain based €100 million bond. The bond, Schuldschein is financed by LBBW along with other financial institutions including Esslingen-Nürtingen and Ludwigsburg and Ostalb.

The whole process of issuing the bond, starting with its origination (drafting in conventional terms), distribution, allocation, and execution were all handled over the blockchain. The implementation of Schuldschein was facilitated by Daimler’s and LBBW’s subsidiaries, TSS and Targens respectively.

A board member at Daimler responsible for Finance and Controlling and Daimler Financial Services, Bodo Uebber was quoted by an automotive magazine saying,

“This pilot project is our first step in testing the wide variety of possibilities for using blockchain technology and assessing this technology’s potential for future transactions and financial processes… Simultaneously with launching the Schuldschein, we conduct other projects to determine where blockchains could also be used to increase efficiency and support our business models…”

The development is one of the many blockchain based implementations in the automotive sector. While this particular project focuses on financial aspects, there are other companies that are currently exploring the use of blockchain technology for vehicle data collection, interconnecting the future self-driven cars on a distributed grid and more.

Earlier this year, Daimler acquired PayCash Europe, a Bitcoin friendly payment processing service. With the new acquisition, the company announced its plans to bolster the capabilities of its MercedesPay service. Through MercedesPay, users will be able to pay for car sharing and international financing services using Bitcoin and other conventional payment methods.

Ref: Automotive World | Image: NewsBTC 
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin price

Bitcoin Price Drops To $115K After Rate-Cut Rally — But BTC Far From Capitulation

On Thursday, September 18, the Bitcoin price enjoyed some form of rejuvenation following the outcome of the United States Federal...

Opeyemi Sule 7 hours ago
Cardano, ADA, Charles Hoskinson

ADA Holds $0.90 Support As Hoskinson Says Cardano Will ‘Break The Internet’

Charles Hoskinson has affirmed that Cardano (ADA) will steal the crypto spotlight as the altcoin attempts to hold a crucial...

Rubmar Garcia 14 hours ago
Dogecoin

Dogecoin Ready To Bark Again? Analyst Sees Path To $0.45

An analyst has pointed out how Dogecoin could see a rally to $0.36 or even $0.45 if its price can...

Keshav Verma 15 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Litecoin

Litecoin Price Compresses In Tight Falling Wedge, Breakout Ahead?

Godspower Owie 15 minutes ago
Bitcoin

Bitcoin Network Activity Hits New 2025 Peak — What This Means For Price

Opeyemi Sule 1 hour ago
X

X Blows The Lid Off Bribe Scandal In Crypto Account Restorations

Christian Encila 7 hours ago

Premium Sponsors

Press Releases

  • パイネットワーク...

    8 hours ago
  • Cele mai bune altcoin-uri de cumpărat, pe măsură ce prețul Solanei se apropie de maximul istoric

    Cele mai bune altcoin-uri de cumpărat, pe măsură ce...

    9 hours ago
  • Cele mai bune meme coin-uri de cumpărat acum, pe măsură ce capitalizarea pieței se apropie de 1,9 trilioane RON

    Cele mai bune meme coin-uri de cumpărat acum, pe măsură...

    10 hours ago
  • Cele mai bune meme coin-uri de cumpărat acum, pe măsură ce capitalizarea pieței se apropie de 1,9 trilioane RON

    Nejlepší meme coiny k nákupu nyní, když se tržní...

    10 hours ago
  • Cele mai bune altcoin-uri de cumpărat, pe măsură ce prețul Solanei se apropie de maximul istoric

    Nejlepší altcoiny k nákupu, když se cena Solany...

    10 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.