Daimler South East Asia, a Mercedes Benz Group company, announced that it will build its data exchange platform based on Polygon blockchain, an Ethereum Level 2 scale-out solution.
Daimler South East Asia’s new data exchange platform will be called Acentrik and will allow businesses to buy and sell data in a decentralized environment.
Although the platform is a product of a Mercedes-Benz partner, blockchain will also be used to trade data from a wide range of industries, including insurance data, clinical trials and more.
Unlike most other such decentralized data platforms, the data on Acentrik will not be stored on a blockchain. Instead, a non-interchangeable token (NFT) will be used to represent each data set in the blockchain. Each NFT will store certain metadata.
In addition, it is reported that data buying and selling will be done on the Polygon and Ethereum Rinkeby test network using Stablecoins.
Due to the execution of transactions on Polygon, users will also have to pay a gas fee in MATIC tokens, which may have supported the rise in the price of the native token.
Over the past 24 hours, MATIC has added 8.7% and hit a daily high of $0.9481.