Why Matic Price May Continue To Surge?

Polygon announces collaboration with top automobile company

The blockchain network has announced a partnership with Mercedes- Benz.

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A new data-sharing platform from Daimler South East Asia, called Acentrik, will let businesses purchase and sell data in a decentralized environment.

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The blockchain network will be utilized to exchange data from a variety of businesses, including insurance information, scientific studies, and clinical trials data, it will be a Mercedes-Benz affiliated product.

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Acentrik will be designed especially for corporate users with ‘Know Your Business’ and other robust access restrictions.

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The data will be stored on the blockchain and an NFT will represent each dataset and a metadata hash is stored with it.

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Users will have the option to use a stablecoin to pay for data and transactions will be done through Polygon or the Ethereum Rinkeby test network.

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After the announcement, the price of polygon’s native token MATIC increased by 10%.

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