
According to Mallela, Onyx by JPMorgan has several clients in the pipeline with Siemens becoming its first anchor client.
Siemens is a multinational engineering and electronics company involved in the fields of industry, energy, transportation and healthcare.
Siemens AG is a German multinational conglomerate company headquartered in Munich and the largest industrial manufacturing company in Europe with branch offices abroad.
The principal divisions of the company are Industry, Energy, Healthcare, and Infrastructure & Cities, which represent the main activities of the company. The company is a prominent maker of medical diagnostics equipment and its medical health-care division, which generates about 12 percent of the company’s total sales, is its second-most profitable unit, after the industrial automation division. The company is a component of the Euro Stoxx 50 stock market index. Siemens and its subsidiaries employ approximately 379,000 people worldwide and reported global revenue of around €83 billion in 2018 according to its earnings release.
According to Mallela, Onyx by JPMorgan has several clients in the pipeline with Siemens becoming its first anchor client.
The artificial intelligence network for blockchains will join hands with an extensive automotive ecosystem Catena-X comprising some of the biggest industry participants.
During the past three months, Siemens orders came in at €15.56 billion, whereby the revenue was €15.3 billion.