---
title: "Automobile Concern Daimler AG develops blockchain | ICOLINK"
description: "The largest automobile Concern Daimler AG, together with the German commercial bank Landesbank Baden-Württemberg (LBBW), completed the test blockchain-project, issuing corporate bonds for 100 million euro within the framework. The pilot project also involved the banks of Esslingen-Nürtingen, Ludwigs"
url: "https://mail.icolink.com/ico-news/automobile-concern-daimler-ag-develops-blockchain.html"
markdown_url: "https://mail.icolink.com/ico-news/automobile-concern-daimler-ag-develops-blockchain.html.md"
date: "2026-07-10T12:21:26+00:00"
language: "en-GB"
---

# Automobile Concern Daimler AG develops blockchain

> The largest automobile Concern Daimler AG, together with the German commercial bank Landesbank Baden-Württemberg (LBBW), completed the test blockchain-project, issuing corporate bonds for 100 million euro within the framework. The pilot project also involved the banks of Esslingen-Nürtingen, Ludwigs

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Wednesday, 07 March 2018

The largest automobile Concern Daimler AG, together with the German commercial bank Landesbank Baden-Württemberg (LBBW), completed the test blockchain-project, issuing corporate bonds for 100 million euro within the framework. The pilot project also involved the banks of Esslingen-Nürtingen, Ludwigsburg and Ostalb. All transactions within the framework of the test carried out using blockchain technology and protected by cryptography. The bond redemption period is 1 year.

"Blockchain is without doubt a very promising technology, but not mature enough. Now, it is necessary, together with like-minded people, to develop this technology, accumulate knowledge and experience, and actively share them, "said Jan Brecht, Daimler's director of investments.

> Daimler AG and LBBW have jointly used blockchain technology to execute a financial Transaction for the first time<[https://t.co/oMRBppb1px](https://t.co/oMRBppb1px)>
>
> — Daimler AG (@Daimler) [June 29, 2017](https://twitter.com/Daimler/status/880321738952896512?ref_src=twsrc%5Etfw)

The next joint step of Daimler and LBBW will be the organization of the issuance of joint loans with the use of a detachment.

Let us notice, that German automobile company Porsche too has shown interest to technology of the distributed register and already tests blockchain technology in the cars.