IT - Blockchain

Commerzbank has developed a blockchain-based solution for machine-to-machine payments that it says could be used to allow automated trucks to pay for power charging without the need for a human to get out their wallet

"Calling it a 'concrete pilot project,' the German bank worked together with its incubator research and development unit and Daimler Trucks on the system that it said 'deals with fully automated payment processing of charges between a tank charging station for electricity and a lorry system.'

The partners have already proved the system works, according to an announcement on Thursday. In test transactions, Commerzbank put euros on the blockchain system and and sent it to Daimler Trucks for the settlement of the payment..."

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