BMW, GM, Ford and Renault launch blockchain research group for the automotive industry

Automakers BMW, GM, Ford and Renault today unveiled an organization that aims to explore the potential of blockchain in the automotive sector.

The one launched today is called


(The new group of the Mobility Open Blockchain Initiative also includes the following members: Bosch, Blockchain at Berkeley, Hyperledger,, IBM and IOTA. The organization has a rather broad goal of making transportation "safer, cheaper, and more affordable" through blockchain technology. "

MOBI said its focus ranges from payments, data tracking and supply management to consumer finance and pricing and more trendy areas such as self-driving cars and shared mobility systems.

This isn't the first time an automaker has looked at blockchain。 Toyota is already doing research in this area, Renault has joinedR3 Research Alliance, Daimler, on the other hand, is Linux foundation(Linux Foundation)Hyperledger Project members。 But in comparison,MOBI More focus on the automotive sector and potential use cases。

“ Blockchain and related technologies that boost trust promise to redefine the automotive industry, As well as changing the way consumers buy cars、 Insuring your car and the way you drive。”MOBI the first President of the、CEOChris Ballinger In a statement, it said。

MOBI's board of directors includes Joseph Lubin, founder of ConsenSys and co-founder of Ethereum, and Brian Behlendorf, executive director of Hyperledger. The post BMW, GM, Ford and Renault Launch Blockchain Research Group for the Automotive Industry appeared first on Movipoint Technologies.

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