Per the VID II standard working group, the blockchain will help defragment vehicle registries.
Per the working group, the VID II will use the blockchain to offer immutable vehicle records.
The Mobility Open Blockchain Initiative (MOBI), a non-profit organization comprising leading automakers, has launched the second instalment of its vehicle identity (VID) standard on the blockchain. A press release unveiled this news on January 19, noting that this release seeks to eliminate practices like rolling back odometers and selling flood-damaged vehicles. In so doing, the organization seeks to track and protect the true identity of vehicles by leveraging blockchain technology.
According to the news release, the VID II standard seeks to use the VID I standard (a vehicle birth certificate of sorts) to outline the application of VID in a variety of real-life use cases. These range from supply chains, automotive financing, and electric vehicle charging to autonomous vehicle data exchange. However, the VID II working group is focused on vehicle registration and maintenance traceability at the moment.