BMW To Host The First European MOBI Conference As Blockchain And Automotive Industry Look To Merge

BMW To Host The First European MOBI Conference

MOBI, short for the Mobility Open Blockchain Initiative is an endeavor launched by 30 members including the likes of BMW, General Motors, Ford, Renault, Bosch, Blockchain at Berkeley, Hyperledger and many others. Its goal is to further understand the usefulness of blockchain technology within the automotive industry.

According to Forbes – who has also reported on this matter – BMW has hosted the first MOBI Conference at its Group IT Centre in Munich, Germany. The two-day conference invites MOBI’s members to share their knowledge on all matters blockchain and distributed ledger technologies (DLTs) and how they can be incorporated within automobiles across the world (https://www.forbes.com/sites/darrynpollock/2019/02/15/bmw-opens-its-doors-for-mobility-open-blockchain-initiatives-first-european-colloquium/).

BMW Group’s Blockchain and DLT Head, Andre Luckow argues that blockchain’s notion of decentralization is surely to be accepted by consumers who value data-privacy. He also noted that more emphasis will be placed on “standards” during the first event. In his view, “common, open standards and ecosystems are the only way to speed up the development and adoption of blockchain systems,” quotes Ledger Insights (https://www.ledgerinsights.com/bmw-blockchain/).

In relation to blockchain technology, Luckow believes it has a “real opportunity and will eventually break up the established, centralized market by making it possible to create more decentralized platforms and so give consumers more control over their data.”

As for players within the automotive industry, BMW has supposedly been diving into blockchain technology. They have since used its likes to assess ethically-sourced cobalt, while reviewing its uses for tracking mileage via its program called, “the VerifyCar app”, reports Forbes.

Besides the VerifyCar app, BMW has also supposedly conducted a proof-of-concept and a pilot at its Spartanburg plant in the US – an endeavor that is assumed to run all year-round reports Ledger Insights.

Despite the fact that hype surrounding blockchain has started to fade, certain industries are still watchful, and this is clearly within the automotive space. What are your thoughts on blockchain and automobiles? Do you think there’s a positive correlation present? Let us know in the comments below.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,486FansLike
2,795FollowersFollow
4,267FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

IRS to Revise Form 1040 to Make it Harder for Traders to Escape Crypto Tax Obligation

The Internal Revenue Service is planning to change the 2020 tax form and make sure all taxpayers report about their cryptocurrency transactions. The standard 1040...

China State-Owned Media Covers Crypto as 2020’s Best Performing Assets Driven by DeFi & Weak Dollar

In an unusual coordinated report on Friday, several Chinese state-owned media covered cryptocurrencies, calling them the best-performing assets of 2020. The country’s top broadcaster, China...

Crypto Exchange Gemini Makes an Aggressive Move, Adds 15 Hot DeFi Tokens

DeFi is all the rage in today's crypto world, and no one wants to be left behind, especially cryptocurrency exchanges. Over the past few months,...

Ethereum ‘Getting Ready for Spadina' Testnet Next Week

The Spadina testnet of ETH 2.0 has been scheduled for genesis before the month ends, on September 29 at 12 pm UTC, as per...

KuCoin Hack: Exchange’s Insurance Fund to Cover User Loss “Completely,” Tether Freezes 33M USDT

The Singapore-based cryptocurrency exchange KuCoin released a statement regarding detecting large withdrawals on September 26, 2020, at 03:05:37 (UTC+8). The exchange has reportedly lost $150...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today