The Mobility Open Blockchain Initiative (MOBI) is a new investigative group founded by more than 30 companies, that promises to change the mobility industry. There are some big names from both the technology and mobility sectors involved in the initiative such as: BMW, Ford, General Motors and IBM.
“Blockchain and related trust enhancing technologies are poised to redefine the automotive industry and how consumers purchase, insure and use vehicles,”
says Chris Ballinger, MOBI’s first chairman and CEO.
Announced this April 2, this international investigative group has as main goal of making transportation
“Safer, more affordable and more widely accessible, using blockchain technology”,
with a particular focus on fields like: payments, data tracking, supply management, customer financing and pricing. The group will also focus on innovation in areas such as autonomous vehicles and ride sharing systems.
Blockchain technology has an incredible potential in a wide range of businesses and the transportation industry is no exception. Tech Journalist Jon Russell says,
“The distributed ledger component, and smart contacts in particular, could reshape the way organization and products use and consume data”.
This isn’t something unknown for companies like Toyota, which started their own independent investigative program or Renault that recently joined the R3 research consortium.
“By bringing together automakers, suppliers, startups, and government agencies, we can accelerate adoption for the benefit of businesses, consumers and communities,” added Ballinger, who was formerly the CFO and director of mobility services at the Toyota Research Institute.
See MOBI´s official web page here: https://www.dlt.mobi
by Samuel Larreal