Mobility supplier, DENSO, has joined the Mobility Open Blockchain Initiative (MOBI). MOBI is a global consortium of businesses and organizations dedicated to innovating mobility services through blockchain technology, or a decentralized record of data transactions linked through cryptography.
By collaborating with MOBI, DENSO joins other automotive and technology leaders who aim to leverage blockchain to create mobility ecosystems that are more secure, foster more seamless exchanges of data and payments, and bolster shared mobility services.
In the consortium, DENSO will help lead the Connected Mobility & Data Marketplace (CMDM) Working Group, which will focus on building standards and policies for the application of blockchain in automotive-related settings. Roger Berg, vice president of North America Research and Development at DENSO, will serve as vice-chair for CMDM.
More broadly, DENSO is examining how blockchain can be leveraged to help transportation stakeholders collaborate more freely and securely. This offers potentially large dividends in wide areas of mobility – from improved fleet management to optimized carshare services and more.
DENSO’s research with MOBI also supports its long-term policy, a strategic roadmap that guides the company as it creates new value in emerging transportation spaces through innovation and unique partnerships.
MOBI is a nonprofit smart mobility consortium that works with forward-thinking companies, governments and NGOs to make mobility services more efficient, affordable, greener, safer, and less congested by promoting standards and accelerating the adoption of blockchain, distributed ledger, and related technologies in the mobility industry.
Source: Press Release