Blockchain consortium MOBI (Mobility Open Blockchain Initiative) has
announced the launch of the automotive industry’s first Vehicle Identity (VID) standard for use on blockchains.
MOBI, which counts Renault, Ford, GM, Honda and BMW amongst its members, aims for VID to be the foundation upon which firms build to improve road safety, lower carbon emissions and alleviate traffic congestion. Renault and Ford led the working group for this first MOBI standard. But there were more than 20 contributors including Accenture, BMW, Cognizant, ConsenSys, GM, Honda, Hyperledger, IBM and IOTA.
The first phase of the project will involve providing brand-new cars with a digital identity (the VID) to establish their existence. There’s the potential in future to track events in the car’s life. This could include a change in ownership, any repairs, and also insurance claims. The VID could then be used to gain access to that car’s data record.
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