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.