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Major Automakers Launch Mobility Open Blockchain Initiative

Jun 23, 2020 | Blockchain Technology, Industry Trends

BMW, Bosch, Ford, General Motors, Renault,  Accenture and IBM create a  consortium to explore how blockchain will reinvent mobility.

In order to discover how blockchain technology can make  transportation safer, more affordable, and more widely accessible, a new  consortium of automakers formed the Mobility Open Blockchain Initiative  (MOBI).

MOBI, whose formation was announced on May 2, is actively working  with companies accounting for over 70% of global vehicle production in  terms of market share.

Partners include: BMW, Bosch, Ford, General Motors, Renault, ZF, Aioi  Nissay Dowa Insurance Services USA and others. The goal is 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 and related trust enhancing technologies are poised to  redefine the automotive industry and how consumers purchase, insure and  use vehicles,” said Chris Ballinger, CEO  of MOBI. He is the former  Director of Mobility Services at Toyota Research Institute. “By bringing  together automakers,  suppliers, startups, and government agencies, we  can accelerate adoption for the benefit of businesses, consumers and  communities.”

Blockchain technology distributed 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.

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. The group will also 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.

 MOBI’s approach to ecosystem development is open and invites  stakeholders from across the entire mobility value chain to establish a  “minimum viable network”. This includes automakers, public  transportation and toll road providers, other forms of transportation,  technology firms, blockchain firms, academic institutions, startup  innovators, and regulatory bodies across the globe.

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.

Joining  Ballinger as co-founders and members of the initial Board of  Directors are Ashley Lannquist from Blockchain at Berkeley and David  Luce, a veteran technology leader. Dan Harple, CEO of Context Labs,  Joseph Lubin, Co-Founder of Ethereum and Founder of ConsenSys, Brian  Behlendorf, Executive Director of Hyperledger, Jamie Burke, CEO of  Outlier Ventures, and Zaki Manian, Executive Director of the Trusted IoT  Alliance, join MOBI’s Board of Advisors.

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, Renault, Ride Austin, Shareing, Shift,  Spherical Analytics, the Trusted IoT Alliance, VeChain, Xain, and ZF  Friedrichshafen AG.

 

 

 

Original Post: IndustryWeek /Staff/ 2018

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