Advanced Blockchain AG and DMG MORI join forcesto strengthen digitisation expertise

Advanced Blockchain AG and DMG MORI join forces to strengthen digitisation expertise

Berlin, 20.03.2018

Two strong partners are combining their expertise. Advanced Blockchain AG (ISIN DE000A0M93V6) and DMG MORI AG (ISIN DE0005878003) want to accelerate development of innovative digitisation solutions. The aim of the partnership is to apply Distributed Ledger Technology to real world industries. The cooperation is open to other partners.

A distributed ledger is a decentralised database that allows users of a network to store and share information. As opposed to centrally managed databases, in DLT (an umbrella term describing technologies such as blockchain) there is no need for an intermediary or third party to create the entries or verify them.

Both companies have identified a number of potential applications for DLT. A first pilot project has already been initiated. Further projects, which may involve other industrial partners, will follow.

Michael Geike, CEO of Advanced Blockchain AG expressed his satisfaction with the deal, saying;

“With this cooperation we have created a great basis for applying Distributed Ledger Technology in this industry. The application possibilities of the technology are many — and will both change traditional business models, and make entirely new ones possible.’’

Mechanical engineering in particular is ripe for industrial application of DLT — especially in the documentation, certification and leasing areas.

DMG MORI considers digitisation and automation to be important fields for the future, along with Additive Manufacturing, Technology Excellence and DMG MORI Qualified Products.

Advanced Blockchain AG, based in Berlin, are experts in the field of DLT. They have set themselves the goal of bringing Distributed Ledger Technology into the real economy. They focus on B2B business in the area of ​​Industry 4.0 and the Internet of Things (IoT).

Additional information on DMG MORI AG:

DMG MORI AG is one of the world’s leading manufacturers of machine tools with sales of more than € 2.3 billion and over 7,000 employees. Together with DMG MORI Company Limited we form the ‘Global One Company’ achieving sales of more than € 3 billion.

Our range of products includes turning and milling machines, advanced technologies such as Ultrasonic, Lasertec and Additive Manufacturing, as well as automation and integrated technology solutions. We bundle our technological excellence in the Aerospace, Automotive, Die & Mold and Medical sectors.

With the APP-based control and operating environment CELOS as well as exclusive technology cycles and power tools, we are actively shaping Industry 4.0. More than 10,000 DMG MORI machines are already equipped with CELOS. DMG MORI also offers its customers and suppliers a consistent digitisation strategy with its open, digital ADAMOS platform.

Our customer-oriented services cover the entire life cycle of a machine tool including training, repair, maintenance and service of spare parts. With the partner program “DMG MORI Qualified Products” (DMQP) we also offer perfectly coordinated peripheral products from a single source.

The “Global One Company” has more than 12,000 employees at 157 sales and service locations — including 14 production plants — worldwide. DMG MORI supplies customers from 42 different industries in 79 countries.

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