Major Automakers, Startups, Technology Companies and Others Launch Mobility Open Blockchain Initiative (MOBI)

BMW, Bosch, Ford, General Motors, Renault, ZF, Accenture, Context Labs, IBM, and others participate as founding members

New consortium explores how blockchain will reinvent mobility and address industry shifts

MOBI, the Mobility Open Blockchain Initiative, announces its formation to explore blockchain for use in a new digital mobility ecosystem that could make transportation safer, more affordable, and more widely accessible. MOBI is actively working with companies accounting for over 70% of global vehicle production in terms of market share. MOBI and partners, including, BMW, Bosch, Ford, General Motors, Renault, ZF, Aioi Nissay Dowa Insurance Services USA and others 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. 

Working in a consortium allows MOBI and partners to create transparency and trust among users, reduce risk of fraud, and reduce frictions and transaction costs in mobility, such as fees or surcharges applied by third-parties.

Chris Ballinger, former Chief Financial Officer and Director of Mobility Services at Toyota Research Institute, is joining MOBI as Chairman and CEO to coordinate this initiative and create a more open platform where users, owners, mobility service companies, and infrastructure providers can better control and monetize their assets, including their data. 

Through an open-source approach to blockchain software tools and standards, the MOBI consortium hopes to stimulate more rapid and scalable adoption of the technology by other companies developing autonomous vehicle and mobility services. MOBI is pleased to connect global mobility providers with blockchain innovators as well as government and non-government agencies, and institutions to collaborate on the development of blockchain-enabled vehicle data and mobility services applications. 

MOBI’s approach to ecosystem development is open and inclusive, inviting stakeholders from across the entire mobility value chain to establish a “minimum viable network”. This includes automakers, public transportation and toll road providers, other forms of transportation, technology firms, blockchain firms, academic institutions, startup innovators, and regulatory bodies across the globe.

Initially, MOBI will be working with its partners on projects related to: