Today the Mobility Open Blockchain Initiative (MOBI) announced “its formation to explore blockchain for use in a new digital mobility ecosystem that could make transportation safer, more affordable, and more widely accessible. MOBI is actively working with companies accounting for over 70% of global vehicle production in terms of market share.”

The consortium’s goal is to “foster an ecosystem where businesses and consumers have security and sovereignty over their driving data, manage ride-share and car-share transactions, and store vehicle identity and usage information.”

The CVA is a founding member of the consortium, joining the likes of BMW, Bosch, Ford, General Motors, Groupe Renault, ZF, Aioi Nissay Dowa Insurance Services USA and many others in this important industry effort.

More information in the press release.

You can also check out the MOBI website.