51nodes Develops Blockchain-based Financing Method for Industrial Capital Goods

Joint project with Bosch, Daimler Mobility and the Stuttgart Stock Exchange Group // Digital tokens for investments in industrial goods // Repayment linked to actual use.

51nodes has developed a flexible financing method for industrial capital goods based on the blockchain in a joint basic project with the Bosch research team “Economy of Things”, Daimler Mobility and the Stuttgart Stock Exchange Group. In addition to technical feasibility, the project also included legal and regulatory aspects.

With the new method, on the one hand, investors can invest in industrial capital goods such as machines, vehicle fleets or energy infrastructure via digital tokens. On the other hand, the issuer of the tokens has the advantage of linking its financing costs to the actual use of the financed goods according to a pay-per-use model. The provision of relevant usage data creates transparency and forms the basis for variable payouts to investors. The Ethereum blockchain served as technical basis for the project. The project partners have filed a patent application for a method of linking the usage data to the token.

“The project shows which new types of investments are made possible by blockchain-based tokens for investors in the industrial sector. At the same time, companies have more options when it comes to financing capital goods. Having this and other emerging markets in mind, we are creating an end-to-end ecosystem for the issuance, trading and custody of digital assets,” says Ulli Spankowski, Chief Digital Officer at Stuttgart Stock Exchange.

“Because Bosch is also a manufacturer of industrial goods, we are interested in the acceptance of the new financing method among industrial companies. We currently assume that blockchain-based approaches will make the financing and operation of industrial machinery more flexible and thus significantly more attractive,” says Werner Folkendt, Product Owner Industry/Logistics in Bosch’s “Economy of Things” project.

“Harry Behrens, Head of Blockchain Factory at Daimler Mobility: “With the help of so-called security tokens, we at Daimler Mobility are offering new services, for example, in the field of electromobility for financing charging infrastructure or fleets. Because necessary mechanisms are already provided for in the design of the software and run fully automatically, efficiency gains, better scaling and thus increased cost efficiency in the financing of infrastructure and fleets can be expected. The cooperation with the Stuttgart Stock Exchange and Bosch has confirmed the potential in this area and we expect first launches on the market soon.

“Using the new financing method, we connect industrial capital goods with smart contracts and the blockchain via an Internet-of-Things connection. Thanks to the good, interdisciplinary collaboration of the various project partners, we are taking a big step towards the digital finance industry of the future,” says Jochen Kassberger, CEO of 51nodes.

Press mentions of the project:

BTC-ECHO – Daimler Mobility, Bosch and Gruppe Boerse Stuttgart start blockchain project (in German)
BTC-ECHO – tokenization of industrial goods financing (in German)
Cointelegraph – Stuttgart stock Exchange, Bosch and Daimler Mobility to work on new blockchain based financing method
Coinintelligence – 51nodes develops financing method for industrial capital goods on blockchain basis
CIO – Blockchain project at the Stuttgart Stock Exchange Group (in German)

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51nodes joins the “GAIA-X 4 moveID” project to develop a digital infrastructure for the secure data exchange of automobiles in the smart city

51nodes is partner of the research project “GAIA-X 4 moveID”. Using GAIA-X’s European data space technology, the project aims to create the standards and IT infrastructure for the future of automobility. 51nodes contributes to the creation of a data-driven service ecosystem for road users with its expertise in digital self-sovereign identities (SSI). The three-year project is led by Bosch and has 18 partners including Continental, Airbus and Denso, as well as leading Web 3 companies such as Fetch.AI and Ocean. The German Federal Ministry for Economic Affairs and Climate Protection is funding the project with 14 million euros.

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