Cointelegraph and INDUSTRIEMAGAZIN report that the startup Steel But Smart is working on a blockchain-based steel trading data system.
Alukönigstahl CEO Stefan Grüll Stefan Grüll and Hannes Stiebitzhofer are developing a new business model of a blockchain-based steel trading database dubbed “STEEL but SMART,” which targets traditional use cases. Within the framework of the project, Grüll reportedly founded a separate company called S1Seven GmbH that undertakes all blockchain-related activities.
The system is set to provide stakeholders with clear data on steel products’ origin, account and #industry standards, as well as information about product properties, processing, and deployment. As a result, the company intends to create a single source of complete documentation of the production history. Cool, it could be a breakthrough for many other cases!
This project is also supported by Austrian blockchain company RIDDLE&CODE – The Blockchain Interface Company and Sebastian BeckerThomas FuerstnerAlexander Koppel, which recently developed a blockchain based car wallet for automotive giant Daimler AG.
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Source: #Cointelegraph#Industriemagazin
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