Mobility Open Blockchain Initiative Launches First Vehicle Identity Standard On Blockchainbr>
The Mobility Open Blockchain Initiative (MOBI) has launched a vehicle identity (VID) standard on blockchain.
MOBI is a nonprofit foundation formed to accelerate adoption and to promote standards in blockchain, distributed ledgers, and related technologies for the benefit of the mobility industry, consumers, and communities. It is an open, inclusive body that acts as a ‘trusted convener’ and partner to entities in the emerging ecosystem of pay for use, on demand, connected, and increasingly autonomous mobility services. The organization includes automobile giants BMW, Ford, General Motors and Groupe Renault. It also includes companies outside auto manufacturing, such as Bosch, Blockchain at Berkeley, Hyperledger, Fetch.ai, IBM and IOTA.
MOBI announced that its member-led Vehicle Identification Working Group created and launched the industry’s first VID standard to help lower carbon emissions, improve road safety, reduce traffic congestion, and support a host of other socially desirable outcomes.
“A blockchain identity standard could enable a diverse suite of mobility applications that result in more efficient supply-chains, lower-cost financing, and safer roads,” said Chris Ballinger, MOBI’s Founder and CEO. “We hope these standards will ultimately make urban environments greener, safer, and more livable by enabling usage-based payment for congestion, pollution, and infrastructure.”
According to the group, the first standard focuses on the “birth” of the vehicle as a minimum representation of that vehicle’s creation.
“A standard for Digital Vehicle Identity will be the cornerstone of a new realm of blockchain-based solutions for the mobility ecosystem,” explains Sebastien Henot, Chair of the VID Working Group, and Renault’s Silicon Valley Innovation Lab Manager of Business Innovation. “The creation of a blockchain ‘digital twin’ will enable connected vehicles to securely identify themselves, share data, and transact with other vehicles, infrastructure, and their environment.”
Subsequent VID phases will reportedly include other important information including product definition, ownership history, and key event records. All vehicle’s history and data usage will be stored in an immutable master record.
“The real power of blockchain comes from enabling networks of people and things to transact with each other without intermediaries,” Ford’s Alan Gordon, co-chair of MOBI’s VID Working Group states. “A crucial first step to enabling these networks is for participants to be able to identify each other in a way that everyone understands. Providing this identity for vehicles is the goal of the first phase of the VID standard.”