This week on Thursday and Friday in Munich BMW Group will host the first European meeting of the mobility industry group
MOBI which boasts more than a hundred members. The event will explore developing standards for the sector. BMW is one of the founding members of
MOBI where other car companies include Ford, GM and Renault.
The German auto manufacturer is upbeat about blockchain’s potential. “The hype surrounding blockchain has died down, and it is even met with occasional scepticism now,” said Andre Luckow, who leads blockchain technology at BMW Group. “We are convinced, however, that blockchains represent a real opportunity and will eventually break up the established, centralised market by making it possible to create more decentralised platforms and so give consumers more control over their data.”
“Plus, secure transactions can also be facilitated without intermediaries, paving the way for trialing new business models.”
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