Mercedes-Benz Singapore’s Acentrik wins SBR Technology Excellence Awards 2023
A strategic initiative by Mercedes-Benz, Acentrik, an enterprise-grade data exchange solution brings real-world use cases globally and across industries by leveraging the benefits of blockchain technology.
Mercedes-Benz Singapore has been awarded the SBR Technology Excellence Award in the Blockchain - Automotive Services category for its innovative enterprise product, Acentrik.
Now in its fifth year, the prestigious awards programme lauds companies that ride the digital disruption wave with technological innovations that have successfully transformed industries and business models, from merely adapting to the changing needs to going beyond expectations.
Enterprises are sitting on a goldmine of data, but most of it remains untapped and isolated in silos. According to a recent study by Forrester, a staggering 80% of data within organisations goes unused, revealing a significant gap in the appreciation of data's value.
But what if there was a way to connect and leverage the value of decentralised data? That's where Acentrik comes in. Acentrik is a game-changing enterprise solution product from Mercedes-Benz that utilises blockchain technology to enable secure data sharing and exchange. With Acentrik, businesses can unlock the value of their data by securely sharing it through a decentralised data exchange platform, powered by smart contracts that enable wallet-to-wallet transactions without intermediaries, providing privacy-preserving computing functionalities.
This enterprise-grade solution provides two key business propositions for greater flexibility for each enterprise to fulfil its own business needs.
The first is a Global Data Marketplace, tapping into Acentrik's existing ecosystem. Enterprises with existing data products and use cases in mind can collaborate with other participants in the marketplace to implement real-world industry use cases.
The second is a customisable Data Exchange Platform, a turnkey solution for enterprises to create their own white-label data marketplace with full control of their platform and specifications of which participants for their data marketplace, with minimal impact to their infra, driving their ecosystem and community.
With Acentrik, enterprises can approach data exchanges through various categories, including B2G, B2B, and data monetisation with external organisations through Compute-to-Data. The platform enables secure and transparent data exchanges through token-gated access to data assets across industries. It also has verifiable data privacy and sovereignty, adhering to local market regulations for cross-border data exchanges.
Since its enterprise release in July 2022, Acentrik has amassed enormous traction, with endorsements from Web3 influencers, consultant groups, EU Commission, and large publication houses. Acentrik has also taken on the global stage such as Blockchain Expo at Olympia London in December 2022, with active sharing sessions with local communities and events.
Acentrik's team maintains strong mentorship rapport with budding Web3 talents, both locally and globally, with plans to groom and nurture the next generation of developers. The team’s future vision is to contribute and drive topics in Web 3.0 communities together with other enterprises unleashing the full potential by combining it with business drivers such as through their strong partnerships with Blockchain Association of Singapore.
The award is a testament to Mercedes-Benz Singapore's commitment to innovation and driving value for enterprises globally.
The SBR Technology Excellence Awards is presented by Singapore Business Review Magazine. To view the full list of winners, click here. If you want to join the 2024 awards programme and be acclaimed for your company's outstanding contributions in pursuit of technological innovation, please contact Jane Patiag at firstname.lastname@example.org.