Yesterday the Boerse Stuttgart announced that it’s been working on a blockchain project to finance industrial goods, partnering with Bosch, Daimler Mobility and 51nodes for technology.
The proof of concept has been running since May 2019 and explores issuing tokens to investors on the public Ethereum blockchain to fund machinery, vehicle fleets and energy infrastructure. The next step will be to create a pilot transaction to investors.
Payments to investors are based on pay-per-use with the usage of the goods also tracked using blockchain. Hence it provides companies with more flexible financing options. So if there is low utilization, the payments will remain affordable, although it won’t be so great for investors.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
