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MOBI launches to avoid automotive blockchain Babel

Four major automakers and a host of suppliers have founded the Mobility Open Blockchain Initiative (MOBI), to try and develop a standardized way to enable payments and data sharing between vehicles. Not looking to create a new blockchain system itself, MOBI aims to link the different approaches taken by automakers as they explore the potential of blockchain technologies in vehicle ecosystems. The automakers involved are BMW, Ford, GM, and Renault-Nissan, flanked by major auto suppliers Bosch and ZF. On the technology vendor front, Accenture and IBM have thrown their hats in, and in the blockchain world, the IOTA and Hyperledger Foundations bring a lot of players to the table, flanked by Chronicled, Consensys, and Xain. It’s an influential group, and…

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