MOBI — the Mobility Open Blockchain Initiative, Launched

Thursday, May 03, 2018 Edit this post

By Kevin Simon

By Kevin Simon

MOBI — the Mobility Open Blockchain Initiative, Launched

Image Attribute: MOBI Homepage Screenshot

Automobile Giants General Motors, Ford, BMW, and Renault have now collaborated together to form a new group to explore the potential of the blockchain in the automotive and mobility space.

MOBI — the Mobility Open Blockchain Initiative has over 30 founding members that also includes IBM, Bosch, Hyperledger, and IOTA with a goal of making transportation "safer, more affordable, and more widely accessible using blockchain technology."

The blockchain has obvious potential to impact a range of industries. The now trademarked distributed ledger component and smart contracts, in particular, could rearrange how organizations and products use, consume and publish data. MOBI's focus is on payments, data tracking, supply management, to consumer finance and pricing, and more futuristic areas like autonomous vehicles and ride-sharing systems.

MOBI isn’t the first time automotive firms have looked at implementing blockchain. Daimler is part of the Hyperledger project from the Linux Foundation, Toyota is already doing its own research, and Renault has joined the R3 research consortium. With MOBI, the group is now focusing entirely on the automotive space and potential use cases rather than automotive as one of several industries.

Through an open-source approach to blockchain software tools and standards, the MOBI consortium says it hopes to stimulate more rapid and scalable adoption of the technology – by companies that are developing autonomous vehicles or mobility services, for example.

MOBI plans to connect global mobility providers with blockchain innovators, government/non-government agencies, and other institutions to collaborate on the development of blockchain-enabled vehicle data and mobility services.

The organization said its partners "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 and related trust-enhancing technologies are poised to redefine the automotive industry and how consumers purchase, insure, and use vehicles," Chris Ballinger, MOBI’s first chairman, and CEO, said in a statement.

"By bringing together automakers, suppliers, startups, and government agencies, we can accelerate adoption for the benefit of businesses, consumers, and communities," added Ballinger, formerly CFO and director of mobility services at the Toyota Research Institute.

Members of the organization’s board include Joseph Lubin, founder of ConsenSys and a co-founder of Ethereum, and Brian Behlendorf, executive director of Hyperledger.

MOBI Partners announced are:

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; Sharing; Shift, Spherical Analytics; the Trusted IoT Alliance; VeChain; Xain; and ZF Friedrichshafen AG.

Initially, MOBI – which shares its name with an unconnected bitcoin wallet system – 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 mobile 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, and infrastructure.
About the Author:

Kevin Simon (ORCID: 0000–0002–2962–8008) is a Technology Editor at IndraStra Global with a keen interest in technology-driven businesses. He is a graduate in management studies (MBA) from the Institute of Management, Nirma University, Ahmedabad.

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IndraStra Global: MOBI — the Mobility Open Blockchain Initiative, Launched
MOBI — the Mobility Open Blockchain Initiative, Launched
By Kevin Simon
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