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Daimler's Mercedes-Benz Cars to use blockchain for supply chain

Daimler AG's Mercedes-Benz Cars said Feb. 25 that it has partnered with cloud solutions provider Icertis Inc. to develop and run blockchain technology in the supply chain.

According to the German automaker, the blockchain prototype will consistently document and map contractual obligations from its direct suppliers regarding working conditions, human rights, environmental protection, safety, business ethics and compliance.

In addition, the technology is also expected to track down the sources of components and raw materials, as well as to facilitate easier and safer transactions.

The program is now being tested in a pilot project, the company said.