Chorus Mobility Wins Mobility Open Blockchain Initiative's MOBI Grand Challenge

It has finally been announced the winners of the MOBI Grand Challenge. The challenge was launched by MOBI, which is referred to as the Mobility-Open-Blockchain-Initiative, together with the TIoTA, Trusted IoT Alliance. It began back in October 2018, and the challenge was established to find the blockchain solutions that can be used for urban transportation and mobility.

Who Exactly Are TIoTA And MOBI?

MOBI has been established as a non-profit organization that has been working with governments, firms together with the NGOs within the market. All this is to ensure that they have made the mobility services to be much safe, faster, efficient and greener all through the blockchain technology. The community that surrounds the organization has been made up of about 70 members and have the ability to boast some high profile names being amongst them; it is the likes of BMW, Accenture, and IBM.

When we look at the TIoTA it has been established as a collaboration that exists between the technologists who work to use the blockchain technology to scale and also improve the IoT Services. When we look at their community, it is a little smaller than the one for MOBI, but it still also contains some of the big names in the market like UBS and Cisco.

The Winners For The Challenge

The winners for the challenge were Oaken Innovations, Chorus Mobility, Nu-Cypher/NICS Lab partnership, and Fraunhofer Blockchain Lab. Each of these platforms received some prize money which came in the form of the Ocean Protocol tokens and the XYO together with a small amount of cash.

Chorus was the company that came in first place, followed by Oaken, then finally Fraunhofer and the Nu-Cypher/NICS lab both came in third place. The Oaken was actually awarded as the most feasible platform while the Nu-Cypher/NICS lab got the best technical award.

The challenge is the very first of its kind, and both TIoTA and MOBI have learned a lot, and from the lessons learned they will be able to inform the subsequent tournaments that are planned to be held over a three-year period.

The aim for these challenges is to ensure they have developed a viable decentralized plus ad hoc network that can be used in the blockchain technology and infrastructure. One that will be able to adequately share data, improve the current urban mobility and coordinate the needed behavior within the market.

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.

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


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Second Half of 3-Yr Bull Market: Ether’s Crazy Run has 90% of its Supply in Profit

This past weekend, the price of Ether went past $400 to as high as about $420, a level last seen in July 2018. This...

Teenage Mastermind Behind the Twitter Hack Owns $3.39 Million in Bitcoin (300 BTC); Bail Set At $725k

The 17-year old Twitter-hack mastermind holds over $3 million in BTC value with only $725,000 set for bail. In a bizarre moment last month, Twitter...

Bitcoin (BTC) Jumped to $100,000 on Binance Futures

There have been several predictions that see Bitcoin hitting a six-digit figure. On Sunday, this became a reality, very briefly, thanks to an algorithm. Bitcoin...

Flash Crash Caused Serious Network Congestion for ETH, ETC, And ERC 20 Tokens on Coinbase

On August 1, the Ethereum's blockchain faced a spike in network transaction fees, causing a backlog in transfers across several exchanges. Coinbase and Binance,...

Bitcoin’s Wild Weekend Reminiscent of 2017 Bull Rally, ‘Higher Highs Ahead in 2020'

This past weekend, bitcoin had a rough time as the largest cryptocurrency made its way past $12,000 to $12,112 in trading just after midnight...

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