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.