In a joint basic project with the Bosch research team “Economy of Things”, Daimler Mobility and the technology partner 51nodes, the Boerse Stuttgart Group has developed a flexible financing method for industrial capital goods based on the blockchain. In addition to the technical feasibility, the project, which has been running since May 2019, also included legal and regulatory aspects. With the new method, investors can use digital tokens to invest in industrial capital goods such as machines, vehicle fleets or energy infrastructure. On the other hand, the issuer of the tokens has the advantage of linking its financing costs to the actual use of the financed goods according to a pay-per-use model. The provision of relevant usage data creates transparency and forms the basis for variable payments to investors. The Ethereum blockchain was chosen as the technical basis for the project. The project partners have applied for a patent for a method for connecting the usage data to the token.
New types of investments
“The project shows what new types of investments are made possible by blockchain-based tokens for investors in the industrial sector. At the same time, companies are given more scope for financing capital goods. With a view to this and other emerging markets, we are creating a continuous ecosystem for the issuance, trading and custody of digital assets ” says Dr. Ulli Spankowski, Chief Digital Officer of Boerse Stuttgart GmbH.