The Mobility Open Blockchain Initiative (MOBI) released the second installment of its Vehicle Identity Standard, VID II. Leading names in the auto industry are collaborating on the project in a working group chaired by BMW and Ford.
MOBI is a nonprofit alliance including the world’s largest vehicle manufacturers, technology firms and others. It aims to promote the adoption of blockchain standards in the mobility sector to make transportation more efficient and affordable.
MOBI’s Vehicle Identity I (VID I) provides a “birth certificate” for vehicles. VID I was the starting point enabling other future use cases such as the potential to track events in the car’s life, including change of ownership, repairs and insurance claims, and the ability to log odometer readings.
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