A number of major automakers, start-ups, technology companies and other firms have formed a blockchain consortium by the name of “Mobility Open Blockchain Initiative,” or MOBI, according to a press release CoinReport received from Fire on the Hill, MOBI’s communications agency.
The group includes BMW, Bosch, Ford, General Motors, Renault, ZF, Aioi Nissay Dowa Insurance Services USA, Accenture, Beyond Protocol Inc, Chronicled, BigchainDB, Blockchain at Berkeley, ConsenSys Systems, Crypto Valley Associations, Context Labs, Dashride, Digital Twin Labs, Deon Digital AG, DOVU, FOAM, Fetch.ai, Hyperledger, Luxoft, IBM, MotionWerk, the IOTA Foundation, NuCypher, Ocean Protocol, Oaken Innovations, Outlier Ventures, Ride Austin, Spherical Analytics, Shareing, the Trusted IoT Alliance, Shift, VeChain, ZF Friedrichshafen AG and Xain.
The automakers account for more than 70% of worldwide vehicle production in terms of market share.
The purpose of the initiative is to research blockchain for utilization in a new digital mobility ecosystem that could make transportation more widely accessible, more affordable and safer. MOBI and partners aim to further an ecosystem where firms and consumers have sovereignty and security over their driving data, manage ride-share and car- share transactions and store vehicle identity and usage information.
By being in a consortium, MOBI and partners are able to reduce risk of fraud, build transparency and trust among users and reduce frictions and business expenses in mobility, for instance fees or surcharges by third-parties.
Chris Ballinger, ex-chief financial officer and director of Mobility Services at Toyota Research Institute, will serve as MOBI chairman and CEO, managing this enterprise and building a more open platform where owners, users, infrastructure providers and mobility service firms can control and monetize their assets, including their data, better.
“Blockchain and related trust enhancing technologies are poised to redefine the automotive industry and how consumers purchase, insure and use vehicles,” said Ballinger in the press release we received. “By bringing together automakers, suppliers, startups, and government agencies, we can accelerate adoption for the benefit of businesses, consumers and communities.”
MOBI says in the release it hopes, via an open-source approach to distributed ledger software tools and standards, to inspire faster and more scalable adoption of the technology by other firms building autonomous vehicle and mobility services. By connecting worldwide mobility providers with distributed ledger innovators as well as government and non-government agencies and organizations, the initiative aims to enable collaboration on the creation of blockchain-enabled vehicle data and mobility services applications.
MOBI wants to develop the ecosystem in an open and inclusive way, involving stakeholders from across the complete mobility value chain to create a “minimum viable network.” This includes technology companies, automakers, distributed ledger firms, public transportation and toll road providers, other forms of transportation, start-up innovators, academic institutions and regulatory bodies all over the world.
Joining Ballinger as co-founders and members of the early board of directors are David Luce, a veteran technology leader, and Ashley Lannquist from Blockchain at Berkeley. Joining MOBI’s board of advisors are Context Labs CEO Dan Harple, Ethereum co-founder & ConsenSys founder Joseph Lubin, Hyperledger executive director Brian Behlendorf, Outlier Ventures CEO Jamie Burke and Trusted IoT Alliance executive director Zaki Manian.
Primarily, MOBI will be working with its partners on projects associated with:
· Usage-based mobility pricing and payments for infrastructure, vehicles, pollution, insurance, congestion, energy, etc.
· Supply chain tracking, transparency, and efficiency
· Ride hailing and car sharing
· Vehicle data tracking, history and identity
· Secure mobility ecosystem commerce
· Autonomous machine and vehicle payments
· Data markets for autonomous and human driving
MOBI logo via Press section on its website