A Safe and Congestion Free Mobility Future With Blockchain

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The Mobility Open Blockchain Initiative (MOBI) and the Trusted IoT Alliance (TIoTA) have collaborated to unlock new Blockchain-connected autonomous vehicle solutions to improve transportation

Looking forward to a future that includes autonomous vehicles to increase safety and convenience in our daily lives, the Mobility Open Blockchain Initiative (MOBI) and the Trusted IoT Alliance (TIoTA) have launched the MOBI Grand Challenge three-year challenge series to find new Blockchain-connected autonomous vehicle solutions.

Blockchain-connected autonomous vehicle solutions to improve transportation

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The mission of this MOBI Grand Challenge is to advance the use of blockchains to enable safe and congestion free transportation by enabling vehicles to autonomously and reliably collaborate with other vehicles and infrastructure.

The companies mentioned that blockchain technology could enable vehicles to autonomously verify identity, enforce complex rules, negotiate with other vehicles and infrastructure, incentivize behavior, and bind commitments.

The first Challenge is a four-month-long tournament to showcase potential uses of Blockchain in coordinating vehicle movement and improving transportation in urban environments.

The Challenge is set to kick off on October 12th and will end with a public demonstration of selected technologies at an event hosted by the BMW Group, MOBI community member, in Munich, Germany on February 15, 2019.

“Today, many pieces of the smart mobility future are already in place and there are no fundamental roadblocks to realizing the full benefits of blockchain connected vehicles. Through the MGC, MOBI and TIoTA aim to spark corporate, government and academic cooperation, connect developers with key stakeholders to drive progress, and fully exploit the potential of blockchain technology.”

 

 

Upasana Dewan

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