GM Financial Joins Hyperledger to Test Blockchain

General Motors Financial Co. has joined as a general member of Hyperledger — an open-source collaborative effort from the Linux Foundation created to advance cross-industry blockchain technologies. Blockchain is the same technology used by cryptocurrencies such as bitcoin, and provides secure online data transfers by allowing sensitive financial data to be transmitted electronically without an […]

Daimler Performs Test of Blockchain in $114MM Transaction

Daimler AG issued a €100 million ($114.2 million) promissory note using blockchain technology, which the Mercedes-Benz manufacturer says is a first step to testing faster and more secure financial transactions across the company.     Normally, a transaction like this would take roughly 10 weeks for a bank to work as the administrative intermediary between […]

3 OEMs Using Blockchain to Disrupt Auto Finance

Everything is ripe for disruption. Auto finance, in particular, is poised to be disrupted with the use of blockchain in the near and not-so-distant future. Blockchain is a public ledger of digital transactions that can be shared among a distributed network of computers; it allows participants on the network to securely manipulate the ledger without […]

Daimler Explores Use of Blockchain in Financial Services

Daimler AG joined the open-sourced Hyperledger Project last week, a collaborative cross-industry effort created to advance blockchain, in an effort to learn more about the technology. Although, the OEM does not have specific plans to implement blockchain in its operations, the company felt that it was the right time to build up its knowledge. “Being […]