Industrial manufacturing giant Siemens is considering adopting blockchain technology to improve the carsharing market.
Forbes reported that Siemens is exploring the use of blockchain technology in the area of mobility. Its daughter company Siemens Mobility, which provides transport solutions relating to the movement of people and goods to various locations globally,
German banking giant Commerzbank, in collaboration with German automotive manufacturing company Continental and tech firm Siemens, has successfully completed a money market security transaction pilot using blockchain.
Money market securities are short-term assets typically with a maturity of one year or less.
Multinational banking and financial services firm Standard Chartered is devloping an end-to-end blockchain-based smart guarantees proposition in trade finance.
Standard Chartered, in collaboration with Siemens Financial Services and blockchain startup TradeIX, aims to fully digitize the processes involved in bank guarantees business – from initiation of the bank guarantee to the claim handling.
