Blockchain Tansportation Platform DAV Joins Automotive Blockchain Group MOBI

Announcements, Blockchain, Group | July 4, 2018 By:

Blockchain startup DAV Foundation has joined the Mobility Open Blockchain Initiative (MOBI), a consortium exploring blockchain’s applicability in the automotive industry.

Formed in May of this year, MOBI includes automobile giants BMW, Ford, General Motors and Groupe Renault. It also include companies outside auto manufacturing, such as Bosch, Blockchain at Berkeley, Hyperledger, Fetch.ai, IBM and IOTA. MOBI was created to explore blockchain and related technologies, develop and promote technical standards, and accelerate adoption.

Founded in 2017, DAV is an open source software platform that allows anyone to buy or sell transportation services in a decentralized market. DAV integrates into any vehicle (car, drone, ship), enabling those vehicles to discover, communicate, and transact with one another. Earlier this week, the foundation launched the DAV Network which is the first open-source system for transport operating on a global scale.

The partnership will aim to unite and decentralize every element across both networks, including car and ride sharing, charging stations, autonomous payments, pay-as-you-use insurance and taxes. All these aspects will be governed by smart contracts that are secured on the blockchain.

“MOBI and the companies that are part of the consortium share the same goals as us,” said Tal Ater, CTO and co-founder of the DAV Foundation. “It’s about companies working together over trustless platforms, because decentralisation is the key to the future of transportation, globally. MOBI has a fantastic network covering a range of expertise that is going to make this a reality.”

“Our approach is open and inclusive and we welcome stakeholders from across the mobility value chain to help build our network,” said Chris Ballinger, CEO of MOBI. “We want to inspire a rapid and scalable adoption of technologies by companies in the autonomous and mobility space and the partnership with the DAV Foundation will help drive this.”