New consortium Launch Mobility Open Blockchain Initiative (MOBI)

MOBI, the Mobility Open Blockchain Initiative, announces its formation to explore blockchain for use in a new digital mobility ecosystem that could make transportation safer, more affordable, and more widely accessible.
7 months ago

Dubai, May 2, 2018

MOBI, the Mobility Open Blockchain Initiative, announces 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.

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.

MOBI’s approach to ecosystem development is open and inclusive, inviting 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.

Source: MOBI

Illustration Photo: Uber testing self-driving car (credits: zombieite / Flickr Creative Commons Attribution 2.0 Generic (CC BY 2.0))

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