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Boerse Stuttgart develops financing method for industrial capital goods using blockchain

boerse stuttgart

Dr Ulli Spankowski, Chief Digital Officer of Boerse Stuttgart GmbH, commented:

The project shows what novel investments are possible with blockchain-based tokens for investors in the industrial sector. At the same time, companies gain greater flexibility for the financing of capital goods. With a view to this and further new markets we are creating an end-to-end ecosystem for the issuance, trading and custody of digital assets.

Werner Folkendt, Product Owner Industry/Logistics in Bosch’s “Economy of Things” project, stated:

Because Bosch is also a manufacturer of industrial goods, we are interested in how the new financing method will be accepted by industrial companies. We currently expect that blockchain-based approaches will make the financing and operation of industrial machinery more flexible and therefore considerably more attractive.

Harry Behrens, Head of the Daimler Mobility Blockchain Factory, said:

With security tokens we at Daimler Mobility can make new offers, in relation to electromobility for instance, for the financing of charging infrastructure or vehicle fleets. The fact that the necessary mechanisms are already provided for in the design of the software – and that these are fully automated – promises enhanced efficiency, better scaling and thus increased cost efficiency in the financing of infrastructure and vehicle fleets. Our collaboration with Boerse Stuttgart and Bosch has confirmed the potential in this area, and we expect the first placements on the market soon.

With the new method of financing we connect industrial capital goods with smart contracts and the blockchain through an Internet of Things link. Thanks to the good, interdisciplinary cooperation between the various project partners we are taking a big step towards the digital financial industry of the future,’  Jochen Kaßberger, Managing Director at 51nodes, concluded.

Valentina Kirilova

Valentina Kirilova

Experienced independent writer and journalist with a demonstrated history of working in the global online trading sector.

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