G.Lockchain, cryptocurrency, Bitcoin, token – these terms are confusing. For some, cryptocurrencies and tokens are like blockchain bitcoin. But that’s a mistake. After all, blockchain is an encryption technology that can be used in many different ways. CashOnLedger works with blockchain technology, but not with cryptocurrencies. On the contrary: The aim is not to replace traditional currencies, but to make them programmable for the direct connection of payment transactions with the “Internet of Things”.
While you can still talk about a possible collaboration with many potential partners, a project has been around for a long time. “This is the only project in this region of Europe,” said Cerkan Catilmis, CEO and co-founder. Together with the tractor manufacturer Lindner, Cash On Ledger has developed a model with which a tractor can be billed according to use. “It’s like car sharing. You don’t buy a vehicle, you buy mobility. Because that’s what you really want. The specially secured “Crypto Security Chip” is built into the tractor. The tractor pushes out 65 data points. That way we can see the actual usage, which can then be monetized, explains Maximilian Foster, board member and co-founder. For example, different hourly rates are calculated regardless of whether the tractor only drives from A to B or is used for heavy clearing work.
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