G.Lockchain, cryptocurrency, bitcoin, token – there is confusion in these terms. For some, cryptocurrencies and tokens are similar Blockchain Bitcoin. But this is a mistake. Because blockchain is, after all, an encryption technology that can be used in many different ways. CashOnLedger works with blockchain technology, but not with cryptocurrencies. On the contrary: The goal is not to replace traditional currencies, but to make them payable programmable for direct connection of payment transactions to the “Internet of Things”.
While one can still talk about 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 that can bill a tractor according to usage. “It’s like car sharing. You are not buying a vehicle, you are buying 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. This allows us to see the actual use, which can then be monetized, explains Maximilian Foster, a board member and co-founder. For example, different hourly rates are calculated whether the tractor is driving only from A to B or is being used for heavy clearing work.