The IOTA Foundation Joins the Mobility Open Blockchain Initiative (MOBI) Alongside Bosch, BMW, Ford & More
IOTA’s list of industry partners has just become exponentially bigger. News out of Germany today reads that the IOTA Foundation has joined the Mobility Open Blockchain Initiative, or MOBI for short, whose goal is to explore blockchain and distributed ledger technology for the development of a universal digital mobility ecosystem.
This ecosystem would be designed to make transportation of all kinds safer, more affordable and more available.
The biggest drawcard for IOTA in this development is the incredible list of members MOBI hosts. A non-exhaustive lists boasts industry giants such as BMW, Ford, Bosch, Groupe Renault, General Motors as well as government and non-profit partners.
MOBI is actively working with companies that produce over 70% of the global market share of production vehicles, whom the IOTA Foundation now has a direct line to and vice versa.
Co-Chairmen of the IOTA Foundation’s Board of Directors & it’s co-founders, David Sønstebø and Dominik Schiener, had this to say:
We are proud to be a member of the MOBI and partnering with other leading global companies to drive industry standards that unlock the potential of DLT for the mobility sector to establish a seamless, safe, and affordable mobility experience. As the world is starting to recognize the huge potential of decentralized ledger technology it is essential to establish the key functionalities for a scalable ecosystem based on the principles of open source, collaboration and permanent innovation that drives broad scaled technology adoption,”
It is understood that the main contributions the IOTA Foundation will be making are in the development of integrated solutions to securely record driving data, manage car-sharing/ride-sharing transactions and the storage of vehicle identity and associated usage data. The end result will include pilot projects and open source software tools, potentially powered by distributed ledger technologies (DLT) closely associated with IOTA’s Tangle network.
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