One of the first blockchain focused transit companies that was founded using information created by smart devices, CarBlock, recently announced it'll be joining up with MOBI, Mobility Open Blockchain Initiative, to discover distributed ledger technology and blockchain that can be used to develop a new digital space that will make travel and transportation cheaper, safer, and more available to everyone. CarBlock is partnering with MOBI as well as other government, industry, and non-profit associates to create a space where customers and companies can safely keep driving records, handle ride-share and car-share enterprise, and even accumulate car registration and 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. CarBlock 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.
“We believe in MOBI and its broad abilities to revolutionize the transportation industry. We can see its potential in a variety of use cases, including the ability to expand our own offerings and service more drivers,” said Julie Wang, Cofounder and Head of Ecosystems, CarBlock.
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. CarBlock is pleased to join MOBI to collaborate with global partners on the development of blockchain-enabled vehicle data and mobility services applications.
Initially, CarBlock will be working with MOBI on projects related to:
Edited by M. Hunt
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