ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

Daimler AG Launches Ethereum Blockchain Pilot



De Silva

Daimler AG, the parent company of Mercedes-Benz, has successfully launched a corporate promissory note with a volume of 100 million euros using a private Ethereum blockchain. This implementation serves as a pilot project for future capital market transactions.

Stuttgart-based automobile manufacturer Daimler AG has launched a one-year corporate Schuldschein (or promissory note) in partnership with Landesbank Baden-Württemberg (LBBW). Savings banks Kreissparkasse Esslingen-Nürtingen, Ludwigsburg, Ostalb, and LBBW acted as lenders. At a volume of 100 million euros, the entire transaction was executed by TSS and Targens (Daimler’s and LBBW’s IT subsidiaries respectively) using blockchain technology.

In an e-mail to ETHNews, Hendrik Sackmann, Daimler’s head of finance, strategy, HR, and external affairs communications confirmed that the company “used [an] Ethereum blockchain for this prototype project on a private basis.”

Sackmann would not disclose financial details for the new instrument.

LBBW’s Chairman of the Board of Managing Directors Rainer Neske applauded the trial’s success.

“This pilot shows our competence at digitization of financial services for our corporate customers. Technical progress opens completely new ways to make financial processes simpler and more efficient and enables new business models.”

“This pilot project is our first step in testing the wide variety of possibilities for using blockchain technology and assessing this technology’s potential for future transactions and financial processes,” said Bodo Uebber, a member of the Board of Management of Daimler AG responsible for Finance & Controlling and Daimler Financial Services.

“Simultaneously with launching the Schuldschein [promissory note], we conduct other projects to determine where blockchains could also be used to increase efficiency and support our business models,” added Uebber.

Kurt Schäfer, vice president of the Daimler Treasury, noted that blockchain may impact “the entire value chain.”

“We want to do this in all the areas of application that are important to us: customer relations, sales and marketing, supplier management, digital services, and financial services.”

It’s clear that the automobile manufacturer is driving innovation on and off the road.

Matthew De Silva

Matthew has a passion for law and technology. He graduated from Georgetown University, where he studied international economics and music. Matthew enjoys biking and listening to tech podcasts. He lives in Los Angeles.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest , or other Ethereum business and finance news.