Automakers BMW, General Motors, Ford and Renault are the founders of the new blockchin-consortium, focused on the automotive industry. This is reported by TechCrunch
The consortium called Mobility Open Blockchain Initiative or MOBI. It has over 30 members, including Bosch, Blockchain at Berkeley, Hyperledger, Fetch.ai, IBM and IOTA. The group intends to make the transportation industry "safer, more affordable, and more widely accessible using blockchain technology."
The components of distributed ledger technology and smart contracts are able to transform methods of interaction with data, and MOBI intends to use the blockchain for performing various tasks, including payments, tracking data and managing supplies, billing customers, and achieving even more ambitious ones goals, for example, maintenance of autonomous vehicles and carcher systems.
Blockchain and related trust enhancing technologies are poised to redefine the automotive industry and how consumers purchase, insure and use vehicles. By bringing together automakers, suppliers, startups, and government agencies, we can accelerate adoption for the benefit of businesses, consumers and communities.
Representatives of the automotive industry have long shown interest in distributed registry technology. For example, Toyota conducts its own research, Renault joined the research consortium R3, and Daimler is part of the Hyperledger block project, overseen by the Linux Foundation.
MOBI is distinguished by the fact that this group will be engaged in searching for solutions based on the blockchain in the automotive and transportation sector as the main activity, rather than as one of the areas of research.