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Remove from my Reading ListMajor automakers, startups, technology companies and others launch Mobility Open Blockchain Initiative (MOBI)
MOBI, the Mobility Open Blockchain Initiative, announced its formation to explore blockchain for use in a new digital mobility ecosystem that could make transportation safer, more affordable, and more widely accessible.
MOBI is actively working with companies accounting for over 70% of global vehicle production in terms of market share. MOBI and partners, including, BMW, Bosch, Ford, General Motors, Groupe Renault, ZF, Aioi Nissay Dowa Insurance Services USA and others seek to foster an ecosystem where businesses and consumers have security and sovereignty over their driving data, manage ride-share and car-share transactions, and store vehicle identity and usage information.
Blockchain technology operates by distributing information to a network of independent computers, ensuring that transactions are secure and data privacy, ownership rights, and integrity are protected. Working in a consortium allows MOBI and partners to create transparency and trust among users, reduce risk of fraud, and reduce frictions and transaction costs in mobility, such as fees or surcharges applied by third-parties.
Chris Ballinger, former Chief Financial Officer and Director of Mobility Services at Toyota Research Institute, joined MOBI as Chairman and CEO to coordinate this initiative and create a more open platform where users, owners, mobility service companies, and infrastructure providers can better control and monetize their assets, including their data.
"Blockchain and related trust enhancing technologies are poised to redefine the automotiveindustry and how consumers purchase, insure and use vehicles," said Ballinger. "By bringing together automakers, suppliers, startups, and government agencies, we can accelerate adoption for the benefit of businesses, consumers and communities."
Through an open-source approach to blockchain software tools and standards, the MOBI consortium hopes to stimulate more rapid and scalable adoption of the technology by other companies developing autonomous vehicle and mobility services. MOBI is pleased to connect global mobility providers with blockchain innovators as well as government and non-government agencies, and institutions to collaborate on the development of blockchain-enabled vehicle data and mobility services applications.
Initially, MOBI will be working with its partners on projects related to:
- Vehicle identity, history and data tracking
- Supply chain tracking, transparency, and efficiency
- Autonomous machine and vehicle payments
Secure mobility ecosystem commerce
- Data markets for autonomous and human driving
- Car sharing and ride hailing
- Usage-based mobility pricing and payments for vehicles, insurance, energy, congestion, pollution, infrastructure, etc.
MOBI's partners include: Accenture, Aioi Nissay Dowa Insurance Services USA, Beyond Protocol Inc, BigchainDB, Blockchain at Berkeley, BMW, Bosch, Chronicled, ConsenSys Systems, Context Labs, Crypto Valley Association, Dashride, Deon Digital AG, Digital Twin Labs, DOVU, Fetch.ai, FOAM, Ford, General Motors, Hyperledger, IBM, the IOTA Foundation, Luxoft, MotionWerk, NuCypher, Oaken Innovations, Ocean Protocol, Outlier Ventures, Groupe Renault, Ride Austin, Shareing, Shift, Spherical Analytics, the Trusted IoT Alliance, VeChain, Xain, and ZF Friedrichshafen AG.
Major automakers, startups, technology companies and others launch Mobility Open Blockchain Initiative (MOBI)
Modified on Friday 11th May 2018
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Major automakers, startups, technology companies and others launch Mobility Open Blockchain Initiative (MOBI)
