The automobile industry wants the blockchain

The automobile industry wants the blockchain
A new major tech domain is taking an interest in the blockchain. It is also one of the most powerful, financially speaking. The automobile industry. Around thirty partners, including, several manufacturers, have created a research group on blockchain in the car industry. Its given name is Mobility Blockchain Initiative (MOBI). Its area of research is the car industry. Its technology is the blockchain. Its members are giants.

Blockchain for a “safer, more affordable, and more widely accessible” transportation

Automobile giants, of course: General Motors, Renault-Nissan (namely 3 of the 6 biggest manufacturers) and BMW. Electrical equipement specialists, like Bosch, or digital specialists such as the American IBM. They were joined by blockchain specialists, like IOTA or Hyperledger (open source Linux-based blockchain platform).
The aim of the research group is to apply the blockchain potential to the automobile industry. To make transportation “safer, more affordable, and more widely accessible« .
Some of the key areas of work for MOBI are administrative management (data tracking, supply chain, pricing, client financing). It will cover payments (the major use for blockchain) but also autonomous vehicles and carpooling.

Love declaration and tech honeymoon

« Blockchain and related trust enhancing technologies are poised to redefine the automotive industry and how consumers purchase, insure and use vehicles ». A quote which is sure to remind us of all these blazing love declarations from companies throwing themselves into the blockchain.
Still, this is proof that the blockchain potential is now well established.