Blockchain automotive consortium
In early April , automotive giants BMW , Ford and Honda teamed up with auto insurance providers and technology companies IBM and Accenture to work on an international cross-industry platform for storing accident data and maintaining vehicles in the blockchain. According to a press release, the companies have teamed up to work on the new Mobility Open Blockchain Initiative MOBI , which will focus on vehicle registration and maintenance tracking. Such a database will help owners and dealers gain access to mileage data, accident history and car damage. The creators of MOBI said that the platform will also deal with the supply chain, automobile financing, charging electric vehicles and issues related to the exchange of data on autonomous vehicles.
We are searching data for your request:
Upon completion, a link will appear to access the found materials.
Content:
- The Digital Car Passport
- Blockchain-Based Data Sharing and Trading Model for the Connected Car
- BMW, Ford, GM, and Renault Join Blockchain Consortium Focused on Automotive Industry
- Securing Vehicle-to-Vehicle Communication Through Consortium Blockchain [EAR fact sheet]
- 10 Applications for Blockchain in Connected Car Automotive
- Ford and BMW Propose to Create a Blockchain Certificate to Certify Used Cars
- Sample Business Objective #1
The Digital Car Passport
Automakers such as BMW, Ford, Groupe Renault and General Motors have come together to form a consortium that will explore how blockchain can reinvent mobility and address industry shifts. Dubbed the Mobility Open Blockchain Initiative or MOBI, the consortium will look at how blockchain can be used in a new digital mobility ecosystem that could make transportation safer, more affordable, and more widely accessible.
Chris Ballinger, chairman and CEO of MOBI, hopes to create a more open platform for users, owners, mobility service companies, and infrastructure providers to control and monetise their assets and data. Blockchain technology, which was originally developed for use with cryptocurrency, is a form of distributed public ledger, such as IBM's TrustChain.
It operates by distributing information to a network of independent computers, ensuring that transactions are secure and data privacy, ownership rights, and integrity are protected. Blockchain is now used for a wide range of different areas that demand the security of the technology with the flexibility of real-time updates; industries that change frequently, but where being virtually unhackable is vital, are the perfect sectors.
By working in a consortium, MOBI and its partners hope to create transparency and trust among users, prevent fraud, and reduce frictions and transaction costs in mobility, such as fees or surcharges applied by third-parties. The initiative is actively working with companies who seek to foster an ecosystem where businesses and consumers have security and sovereignty over their driving data, manage ride-share and car-share transactions, and store vehicle identity and usage information.
Sophie Schmidtlin, Groupe Renault's alliance global director for advanced engineering, stressed the importance of working in an open ecosystem to asses the full potential of blockchain technology. Ultimately, we aim to work together to define future standards and use-cases that will make an easier everyday life for our customers.
Content syndication isn't dead, but your data processes might be. Dell XPS 15 review: The best just got better. News Home Technology blockchain. What is blockchain? AWS joins the blockchain bandwagon, targeting healthcare and finance The rise of blockchain as a service. Oracle analytics for dummies Freedom from data overload Download now. Content syndication isn't dead, but your data processes might be It's a new lead generation Free Download. Seven leading machine learning use cases Seven ways machine learning solves business problems Free Download.
Most Popular. Sony pulls out of MWC Business operations. Google Cloud to open new office in Pune, India.
Blockchain-Based Data Sharing and Trading Model for the Connected Car
FCA today announced that it has joined the Responsible Sourcing Blockchain Network RSBN , an industry collaboration using blockchain technology to support sustainable, responsible sourcing and production practices from mine to market. Traceability and mapping of raw materials are essential to more efficiently and preemptively mitigate unethical practices that threaten the future for the communities where the raw materials are sourced. FCA intends to launch more than 30 electrified nameplates by , and the consortium will help enable a responsible supply chain of cobalt, which is used in lithium-ion batteries that power electric vehicles. RSBN is building an open, industry-wide blockchain platform to trace responsibly produced minerals from source through to end product, with RCS Global assessing each participating entity against responsible sourcing requirements set by the Organization for Economic Cooperation and Development OECD and industry bodies. FCA corporate citizenship efforts are aligned with the United Nations Sustainable Development Goals, which aim to address global challenges, including those related to poverty, inequality, climate, environmental degradation, prosperity, and peace and justice. The Company also uses and teaches suppliers the OECD 5-Step Framework for Upstream and Downstream Supply Chains , which provides a common and foundational tool to help solidify responsible sourcing practices and decisions made throughout our supply chain. FCA requires that suppliers and their sub-suppliers adhere to all applicable global laws and regulations.
BMW, Ford, GM, and Renault Join Blockchain Consortium Focused on Automotive Industry
MOBI is a global consortium of businesses and organizations dedicated to innovating mobility services through blockchain technology, or a decentralized record of data transactions linked through cryptography. By collaborating with MOBI, DENSO joins other automotive and technology leaders who aim to leverage blockchain to create mobility ecosystems that are more secure, foster more seamless exchanges of data and payments, and bolster shared mobility services. We're excited to join such a distinguished and innovative group and look forward to seeing where blockchain takes us in the future. More broadly, DENSO is examining how blockchain can be leveraged to help transportation stakeholders collaborate more freely and securely. This offers potentially large dividends in wide areas of mobility — from improved fleet management to optimized carshare services and more. DENSO's research with MOBI also supports its long-term policy, a strategic roadmap that guides the company as it creates new value in emerging transportation spaces through innovation and unique partnerships. MOBI is a nonprofit smart mobility consortium that works with forward-thinking companies, governments and NGOs to make mobility services more efficient, affordable, greener, safer, and less congested by promoting standards and accelerating the adoption of blockchain, distributed ledger, and related technologies in the mobility industry. S, Canada and Mexico. Join us, and craft not only how the world moves, but also your career.
Securing Vehicle-to-Vehicle Communication Through Consortium Blockchain [EAR fact sheet]
Welcome to www. This site uses cookies. Read our policy. As production stoppages spread beyond the immediately affected plants of Toyota, Suzuki and Nissan, manufacturers as diverse as Ford, Volvo, GM, Renault, Chrysler, and PSA all found that their supply chains, too, had included factories in the disaster zone. Toyota and Nissan were consequently among a number of OEMs to vow that, going forward, they would demand more visibility in their supply chains so that they would know not just who supplied their tier-one and tier-two components, but who supplied their tier-three, tier-four, and tier- n components.
10 Applications for Blockchain in Connected Car Automotive
The Mobility Open Blockchain Initiative or MOBI, a global consortium of car makers, whose members include Ford and BMW, has just proposed the creation of a blockchain certificate aimed at fighting fraud in the second-hand car market. According to the announcement:. Maintenance traceability will provide a tamper-proof history to buyers, regulators, and insurers, therefore reducing vehicle information asymmetry. Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news. MOBI was created back in May with the objective of promoting the adoption of blockchain in the automotive industry through the adoption of a collaborative and open source approach to the development of tools and standards.
Ford and BMW Propose to Create a Blockchain Certificate to Certify Used Cars
Take a look at the beta version of dw. We're not done yet! Your opinion can help us make it better. We use cookies to improve our service for you. You can find more information in our data protection declaration. Some of the world's biggest auto companies have teamed up with tech providers and startups to form a consortium aimed at developing automotive uses for blockchain, the database technology known from cryptocurrencies.
Sample Business Objective #1
The automotive industry is heading towards the next great revolution, i. Coupled with electrification, the autonomous car has poised to change the way it is being driven. There have been considerable changes across the value chain of the automotive industry, ranging from the supply chain to how the car is being used.
As reported Forbes, car manufacturers are increasingly focusing on the implementation of distributed ledger technology DLT to streamline production processes, process data and reduce revenue. Major carmakers, members of the Mobility Open Blockchain Initiative MOBI , have begun developing a proof of concept on the blockchain to track vehicle data, including information about previous owners, involvement in accidents, and exclusion restrictions. This proof of concept is aimed at tracking the history of cars on the blockchain and can ultimately be used to create a connection between vehicles so that they can communicate with each other, track speed, location, direction of travel, braking and driver intentions. MOBI is a technology consortium based in Los Angeles, which includes major car manufacturers from around the world who seek to explore the potential benefits of the blockchain in order to implement their business models. The blockchain allows car manufacturers to improve the value chain and enables them to play an important role in managing new revenue streams. Representatives of the automotive industry are increasingly exploring the possibilities of using blockchain.
In late May, Honda Motor Company and General Motors announced a partnership to conduct a joint blockchain research project on electric vehicles EVs and smart grid interoperability. The goal is to determine whether EVs are capable of stabilizing the power supply in next-generation smart grids. Honda and GM plan to develop ways to facilitate data retrieval of information exchanged between power grids and electric vehicles. Because smart grids rely on unstable renewable energy sources , such as solar and wind power, EVs could serve as more reliable power supply. If the project is successful, EV owners could generate revenue by exchanging the power stored in their electric car batteries with the grid. Although the technology to transfer surplus power between EVs and homes is already in place, transferring power from EVs to the smart grid remains in the experimental stage.
When I first heard rumblings about SAP's "automotive alliance" more than a year ago, I was wary: was this just a clever backdoor into a product-centric talk about Ariba? But then, I became intrigued. Though I've had some testy back-and-forth with Klein at times , he is an exec I pay close attention to. I say "mysterious" because there is vagueness here, such as: "The Catena-X pilot projects are focused on five areas of application that have been jointly defined.
No, I can't tell you.