{"id":7047,"date":"2021-01-21T14:15:45","date_gmt":"2021-01-21T14:15:45","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/01\/21\/mobi-to-help-track-second-hand-vehicle-history-on-blockchain\/"},"modified":"2021-01-21T14:15:45","modified_gmt":"2021-01-21T14:15:45","slug":"mobi-to-help-track-second-hand-vehicle-history-on-blockchain","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/01\/21\/mobi-to-help-track-second-hand-vehicle-history-on-blockchain\/","title":{"rendered":"MOBI To Help Track Second-hand Vehicle History On Blockchain"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> A working group of the Mobility Open Blockchain Initiative (MOBI), led by BMW and Ford, released the second installment of the industry&#8217;s vehicle identity (VID) on blockchain. The VID II working group advanced a blockchain-powered VID solution that could help second-hand vehicle buyers avoid cars with incorrect mileage, maintenance, or damage histories.<\/p>\n<p>Others in the VID II working group are Accenture, AWS, AutoData Group, Bosch, Car IQ, DENSO, DMX, Hitachi America, Ltd., Honda, IBM, Kar Auction Services, Luxoft, Quantstamp, Ownum, and USAA.<\/p>\n<p>&#8220;We expect this network for frictionless transfer of value in the New Economy of Movement to open up trillions of dollars of new opportunities to monetize vehicles, services, data, and infrastructure,&#8221; said MOBI COO and Co-Founder, Tram Vo.<\/p>\n<p>The working group focused on two use cases for vehicle registration and maintenance traceability. Blockchain-powered vehicle registration allows formerly disconnected vehicle registration systems between states and countries to connect using a secure, shared, and trusted ledger.<\/p>\n<p>Meanwhile, blockchain-powered maintenance traceability will provide a tamper-proof maintenance history of a vehicle to buyers, regulators, and insurers, therefore reducing vehicle information asymmetry.<\/p>\n<p>The blockchain-powered solutions enable both the buyer and seller to have a more reliable record of a vehicle that can open up opportunities for increased market value for the seller and an increased sense of security for the buyer.<\/p>\n<p>Additional use cases for VID include supply chain, automotive financing, electric vehicle charging, autonomous vehicle data exchange, and much more. VID II is claimed as a building block to a future with more transparent, efficient, and safer vehicle registration and maintenance.<\/p>\n<p>MOBI, formed in May 2018, is a member-led consortium working to make transportation greener, more efficient, and more affordable by accelerating the adoption of blockchain and related technologies.<\/p>\n<p>The cross-industry initiative comprises more than 120 leading automotive, mobility and <span class=\"landLinks\">technology<\/span> companies including car makers General Motors, Ford, Daimler Benz, BMW, Renault and VW; car-parts manufacturers Bosch and ZF; technology giants IBM and Accenture; blockchain industry groups Consensys, IOTA, and Hyperledger. MOBI members account for 70 percent of global car production.<\/p>\n<p>MOBI will be working with its partners on projects related to Vehicle identity, history and data tracking; Supply chain tracking, transparency, and efficiency; Autonomous machine and vehicle payments; Car sharing and ride hailing; and Usage-based mobility pricing and payments for vehicles, insurance, energy, congestion, pollution and infrastructure. <\/p>\n<\/p>\n<p>Technology News<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>MOBI To Help Track Second-hand Vehicle History On Blockchain<\/a><br \/>\n<br \/>2021-01-21 14:15:45<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A working group of the Mobility Open Blockchain Initiative (MOBI), led by BMW and Ford, released the second installment of the industry&#8217;s vehicle identity (VID) on blockchain. The VID II&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1563089145-599997674d42?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[32],"tags":[],"class_list":["post-7047","post","type-post","status-publish","format-standard","has-post-thumbnail","category-technology"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=7047"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7048"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}