Mobility Leaders Prioritize Data Management, Protection, and Privacy While Enabling Users and Providers to Exchange and Monetize Their Most Valuable Digital Commodity
SINGAPORE, March 2, 2021 /PRNewswire/
What if cars could communicate with each other to avoid imminent crashes and use shared data to prevent future accidents while preserving the drivers privacy? What if you could use one app with a single payment platform to securely coordinate and integrate all of your daily commute needs? What if navigation apps need your permission to track your mobility preferences, or better yet, pay you? Mobility is becoming increasingly connected and intelligent, which in turn creates a nearly infinite amount of valuable data that, if shared securely, could save lives and improve mobility ecosystems at every level. Mobility Open Blockchain Initiative (MOBI) members, such as DENSO, Ford, and GM, are among many that teamed up to create standards for permissioning, validating, and sharing dat
Mobility Leaders Prioritize Data Management, Protection, and Privacy While Enabling Users and Providers to Exchange and Monetize Their Most Valuable Digital Commodity
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Mobility Leaders Prioritize Data Management, Protection, and Privacy While Enabling Users and Providers to Exchange and Monetize Their Most Valuable Digital Commodity
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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. Ho