Blockchain Is Taking Over Auto Industry Throughout The Globe

Blockchain technology is the solution for every industry in future. According to the recent reports, every industry throughout the globe is switching over to Blockchain technology directly or indirectly. Recently all the major Automakers throughout the globe such as General Motors, BMW, Ford, Renault and many others are partnering with their technology experts and other industries to launch a Blockchain initiative called Mobility Open Blockchain Initiative (MOBI) in the first week of May 2018.

This new initiative (MOBI) adopted by the automakers around the world to help them to create a new digital mobility ecosystem-based entirely on Blockchain to make mobility and transportation safer, affordable, and joyful. MOBI will be helpful in many ways like:

  • Vehicle identity, history, and data tracking
  • Supply chain tracking, transparency, and efficiency
  • Autonomous machine and vehicle payments
  • Secure mobility ecosystem commerce
  • Data markets for autonomous and human driving
  • Car sharing and ride-hailing
  • Usage-based mobility pricing for vehicles, insurance, energy, congestion, pollution, infrastructure, etc.

Blockchain and related trust enhancing technologies are poised to redefine the automotive industry and how consumers purchase, insure and use vehicles Chris Ballinger, CEO MOBI

MOBI is a very encouraging initiative and is open for all the stakeholders from different industries such as public transportation, toll road providers, technology firms, blockchain firms, academic institutions, and regulatory bodies across the globe, to join the initiative.

Current MOBI partners:

Accenture, Aioi Nissay Dowa Insurance Services USA, Beyond Protocol Inc, BigChainDB, Blockchain at Berkeley, BMW, Chronicled, Context Labs, Crypto Valley Association, Dashride, Deon Digital AG, Digital Twin Labs, DOVU, Fetch, Foam, Ford, General Motors, Hyperledger, IBM, IOTA Foundation, MotionWerk, NuCypher, Oaken Innovation, Ocean Protocol, Outlier Ventures, Renault, Ride Austin, Shift, Spherical Analytics, Trusted IoT Alliance, Vasily, VeChain, Xain, ConsenSys, and ZF Friedrichshafen AG.

Muhmmad Furqan

Furqan is a financial markets expert. A regular trader of cryptocurrencies and hold some investments in Bitcoin, Stellar, IOTA and OST. Contributes with latest industry insights. Contact the editor at

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