Carmakers, suppliers launch open mobility blockchain initiative

May 02, 2018 //By Christoph Hammerschmidt
Carmakers, suppliers launch open mobility blockchain initiative
As the digitization of the automotive value chain is increasingly progressing, members of this value chain have now gathered with technology companies to launch an open initiative to fathom out and apply the blockchain technology to the mobility value chain. The Mobility Open Blockchain Initiative (MOBI) brings companies at the table that account for 70% of the world’s vehicle production, from mainstream (BMW, GM, Ford) to startups.

The goal is broadly defined and ambitious, the list of participants is impressive: With MOBI, the automotive and mobility industry plans to explore the blockchain technology for use in a new digital mobility ecosystem that could make transportation safer, more affordable, and more widely accessible. On board are carmakers, tier ones suppliers, technology companies and others. The list includes automotive OEMs BMW, Ford, General Motors, and Renault; from the supplier side, ZF already has announced its accession; Bosch is said to be very interested. On the MOBI passenger list one can find also consulting company Accenture, IT services and technology vendor IBM as well as a very long list of lesser-known names such as Crypto Valles Association, Ride Austin, or Xain. The full list can be accessed at the MOBI website.

The bockchain technology operates by distributing information to a network of independent computers and 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.

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