Share this article
Automaker Daimler AG Joins Hyperledger Blockchain Project
Updated Sep 11, 2021, 1:06 p.m. Published Feb 21, 2017, 4:21 p.m.
Make us preferred on Google
Daimler AG, the parent company of luxury car maker Mercedes-Benz, has joined the Linux Foundation led Hyperledger project.
The firm announced today that it had joined up with the initiative. Daimler is the second high-profile member to join Hyperledger this year. Late last month, credit card giant American Express announced that it had become part of the project.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Daimler AG CIO Jan Brecht said in a statement:
“We see blockchain as a promising technology, not fully mature yet, but continuously growing. Now is the right time to get into it, build up knowledge and form a network of like-minded people to share experiences. By joining Hyperledger, we are confident to do the right step towards this direction.”
As part of the move, Jonas von Malottki, an IT executive for Daimler, will join the Hyperledger governing board.
The entry into Hyperledger is Daimler's first major foray into the blockchain space, though there appear to be some connections between the firm and the technology more broadly.
Last month, the conglomerate acquired European payment service PayCash, which supports bitcoin payments. While not explicitly tied to work with blockchain, the acquisition is part of a plan to develop in-car payment services.
Mercedes-Benz Vehicle via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Bitcoin stuck near $88,000 as gold's and silver's record-breaking rallies show exhaustion signs
"Gold and silver casually adding an entire bitcoin market cap in a single day," wrote one crypto analyst.
What to know:
- Bitcoin is off its worst levels of the weekend, but still near the year's low at $87,700.
- Facing the same news cycle as crypto, precious metals continued to surge higher, but a quick retreat from their highs on Monday suggested a bit of exhaustion was setting in.
- Analysts remain dour on the outlook for crypto prices given the looming government shutdown as well as delays in passage of the Clarity Act.
Top Stories
