We’re joining BMW, Bosch, Ford, GM, Renault, Accenture and IBM in the MOBI consortium

We’re excited to announce that Fetch.AI has been invited to join MOBI, a newly created non-profit foundation formed to accelerate adoption and to promote standards in blockchain, distributed ledgers, and related technologies for the benefit of the mobility industry, consumers, and communities. MOBI includes a host of the world’s largest automotive manufacturers (such as BMW, Ford, General Motors, Renault), major IT companies (IBM, Accenture) and a select group of distributed ledger projects. In fact, the MOBI consortium represents over 70% of the world’s car production capacity.

Mobility is a complex problem, whether public transport or private automotive, the transport system is highly interconnected and interdependent. Yet it’s also poorly coordinated, frustrating and full of avoidable delays for consumers. Mobility is an ideal area for Fetch.AI and our ‘bottom-up’ approach to building an intelligent and autonomous system.

With millions of Autonomous Economic Agents operating within a highly scalable ledger environment we envisage a time when every car, bus and train will be connected to its own Fetch agent. Such connectivity to the Fetch.AI network means agents can interact with each other dynamically, all coordinating to exchange data, transact financial value and ultimately to dynamically improve journeys for consumers and the efficiency of the transport network for all participants.

Being part of MOBI is an important step towards a more organised transport network. Industry standards are essential for the widespread adoption and industrialisation of new technologies within an industry. Take the airline sector, where International Air Transport Association (IATA) has long set interoperable standards for over 500 airlines that have led to everything from e-Ticketing to selling travel through travel agencies.

Specifically, MOBI partners will work towards:

* Vehicle identity, history and data tracking

* Supply chain tracking, transparency, and efficiency

* Autonomous machine and vehicle payments

* Secure mobility ecosystem commerce

* Data markets for autonomous and human driving

* Car sharing and ride hailing

Usage based mobility pricing for vehicles, insurance, energy, congestion, pollution, infrastructure, etc.

A big thanks to Chris Ballinger, CEO & Chairman at MOBI and Former CFO & Director of Mobility at Toyota Research Institute. Chris said of the MOBI consortium launch, “Blockchain and related trust enhancing technologies are poised to redefine the automotive industry and how consumers purchase, insure and use vehicles. By bringing together automakers, suppliers, startups, and government agencies, we can accelerate adoption for the benefit of businesses, consumers and communities.”