ShareRing Joins Leading Organizations in Consortium to Explore Blockchain Technology for New Mobility Ecosystem
ShareRing joins BMW, Bosch, Ford, General Motors, Renault, ZF,Accenture, Context Labs and IBM to form new mobility industry consortium fostering joint development of blockchain technology standards, pilot projects, and open source software tools.
Blockchain provides new capabilities for improving driving safety and affordability, supporting autonomous and electric vehicle development and infrastructure, fostering ride and car-sharing applications, and connecting mobility participants in a new peer-to-peer ecosystem.
Australia, May 2, 2018 — ShareRing announced today that it has joined MOBI, the Mobility Open Blockchain Initiative, to explore blockchain and distributed ledger technology (DLT) for use in the development of a digital mobility ecosystem that could make transportation safer, more affordable, and more widely available. ShareRing is collaborating with the MOBI and other industry, government, and non-profit partners to foster a digital environment where users — both businesses and consumers — may securely record driving data, manage ride-share and car-share transactions, and store vehicle identity and usage information.
Blockchain technology sends information over a network of independent computers, known as a distributed ledger, intended to ensure that transactions are secure and data privacy, ownership rights, and integrity are protected. ShareRing and partners believe that blockchain technology may create transparency and trust among users, reduce risk of fraud, and reduce frictions and transaction costs in mobility, such as fees or surcharges applied by third parties.
Tim Bos, co-founder and CEO, ShareRing, said: “We are thrilled to be working with MOBI and its foundation partners to help define a safer, more secure and more accessible set of standards for the mobility sector. Operating within the sharing economy, ShareRing is closely aligned with MOBI’s vision of utilising blockchain technology to create a pioneering ecosystem within a particular industry. “It is vital that we continue to see collaborative initiatives such as the MOBI consortium, with the involvement of such reputable players, to ensure the ongoing implementation and application of blockchain technology far and wide” — Mr. Bos continued.
Through an open-source approach to software tools and standards, the MOBI consortium hopes to stimulate more rapid and scalable adoption of blockchain technology applications by other companies developing autonomous vehicle and mobility services. ShareRing is pleased to join MOBI to collaborate with global partners on the development of blockchain-enabled vehicle data and mobility services applications.
Initially, ShareRing will be working with MOBI on projects related to:
· 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.
“I’m excited that MOBI is coordinating this initiative to use blockchain technology to create a more open platform where users, owners, mobility service companies, and infrastructure providers can better control and monetize their assets, including their data,” said Chris Ballinger, Chief Executive Officer of MOBI. “Our hope is that other industry stakeholders will join this effort to accelerate the adoption of this technology to create a new ecosystem of clean, safe, on-demand, reliable and affordable transportation.”
MOBI’s partners also include: Accenture, Aioi Nissay Dowa Insurance Services USA, Beyond Protocol Inc, BigchainDB, Blockchain at Berkeley, BMW, Chronicled, ConsenSys Systems, Context Labs, Crypto Valley Association, Dashride, Deon Digital AG, Digital Twin Labs, DOVU, Fetch.ai, FOAM, Ford, General Motors, Hyperledger, IBM, the IOTA Foundation, MotionWerk, NuCypher, Oaken Innovations, Ocean Protocol, Outlier Ventures, Renault, Ride Austin, Shift, Spherical Analytics, the Trusted IoT Alliance, Vasily, VeChain, Xain, and ZF Friedrichshafen AG.
MOBI and its partners announced their collaboration at the Future Blockchain Summit in Dubai.
