Blockchain know-how firm ChromaWay AB introduced this Tuesday that it has partnered with Daimler Grund Providers Gmb (DGS) – an organization that offers in actual property and a subsidiary of German automotive large Daimler AG.
DGS manages Daimler’s intensive German property portfolio, which incorporates workplaces, storage, and special-use amenities. The corporate has to handle the entire varied lease agreements that it holds with firms which hire these properties.
And it’s these lease agreements that ChromaWay will be capable of assist DGS handle. By shifting their contracts on to ChromaWay’s blockchain, DGS ought to be capable of scale back threat and make its lease agreements extra clear.
“We’re extraordinarily excited to collaborate with DGS to deliver relational blockchain know-how to their inside leasings,” mentioned ChromaWay founder and CEO Henrik Hjelte. “We’re trying ahead to collaborating additional with Daimler DGS and to discover new prospects for our know-how to resolve present issues.”
The know-how works in a reasonably easy approach. All individuals within the contract can see what is occurring, what has been accredited and to what they’ve agreed.
Which means DGS units a worth. The corporate’s accounting crew then approves the worth. After that, the tenant agrees to the worth. Lastly, the DGS accounting crew confirms that it has obtained cost from the tenant.
“The collaboration with ChromaWay helped us to get shortly began with a blockchain undertaking,” mentioned Achim Jedelsky, DGS’ Head of Processes and IT. “That is solely step one of utilizing this thrilling know-how in our actual property division and I’m trying ahead to how this develops additional!”