In May 2018, the auto industry leaders announced the joint formation ofMOBI Alliance. MOBI stands for "Mobility Open Blockchain Initiative", which aims to study the application of blockchain in the automotive industry. MOBI's slogan is "to make cars safer, greener and more affordable."

The MOBI alliance is composed of sponsors, car partners, and various branches. Each team has personnel from the dual fields of car manufacturers and blockchain technology. Partners include car manufacturing giants BMW, Ford, General Motors and Renault, as well as auto parts makers ZF Friedrichshafen and Bosch. Sponsors are made up of blockchain consultancies including ConsenSys, IOTA, IBM and Accenture.

MOBI fully open-sources the automotive blockchain, so it is possible to generate more possibilities.

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Consolidation of the automotive industry

In order to buy a car, you need to consider many factors:

• driver license

• Buy/Instalment

• Ownership Legal Registration

• Insurance

• Insurance

• vehicle usage tax

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Blockchain in the automotive industry

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1. Automotive Supply Chain and Manufacturing Blockchain

   Many automakers are already exploring the use of blockchain technology in supply chain management. The blockchain network database can record the parts used in the car manufacturing process, which can help us distinguish which car parts are made by humans and robots. Dealers can deliver this data to car owners.

2. Blockchain in Vehicle Maintenance and Repair
   

   We can also use blockchain to simplify car maintenance and repairs. Technicians can easily view maintenance and repair records for each vehicle, see which parts are available, and log their own repair operations within the same vehicle.

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3. Blockchain-based licensing and registration

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4. Insurance, taxes, congestion charges and other car-based costs

   We can fully digitize all kinds of car expenses. If you're stuck in traffic while driving in London or Stockholm, you can automatically pay the congestion charge through your digital wallet.

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   Blockchain can increase transparency and trust between cars and passengers. Porsche is already testing smart contracts to unlock or lock cars.

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6. AI and driverless cars

   If driverless cars become a reality, blockchain can realize even more value. When AI technology is used, it needs to make a large number of millisecond-level decisions. Using blockchain can track AI decision-making instructions and discover the situation when an accident occurs.

(I am Zhao Huanxin, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat 17778170972 for breaking news and communication. Please note your name, unit, position and reason.)

(I am Zhao Huanxin, a reporter from Odaily. I am exploring the real blockchain. Please add WeChat 17778170972 for breaking news and communication. Please note your name, unit, position and reason.)