Ford, Honda, Renault, BMW and General Motors will begin field tests of a vehicle identification system based on blockchain technology. This was recently reported by the Nikkei Asian Review media.
In the international Mobility Open Blockchain Initiative (MOBI) consortium, renowned automakers Honda Motor, Ford Motor, Renault, BMW and General Motors developed a vehicle identification system that they will begin testing in the United States from next month, according to Nikkei Asian Review reported.
In this blockchain based system, a unique identification will be assigned to each car, which will have associated information such as vehicle ownership and service history, according to the consulted source.
The identification system will supposedly allow drivers to pay parking fees or highway tolls automatically, without making use of cash or cards and also dispensing with the specialized labels that current toll collection systems require.
The source explains that this will be possible through the use of data related to the life of each vehicle; Such information is supposed to be used for the recognition of vehicles on the road.
New measures to encourage blockchain adoption
According to the MOBI website, this alliance is a non-profit smart mobility consortium, founded and launched in May 2018, with the aim of promoting standards and accelerating the adoption of blockchain technology in the mobility industry .
MOBI is made up of the world’s leading car manufacturers, as well as technology companies, startups, foundations and mobility providers. Its members also include: ConsenSys, Bosch, IOTA and Accenture.
This announcement joins the list of blockchain initiatives for the automotive industry, which, like many commercial sectors, has shown interest in exploring the potential of blockchain technology to improve its processes.
At the end of February, the renowned Mercedes-Benz car brand announced an alliance with Icertis, a cloud business contract solutions company, for the development of a prototype with blockchain technology for the documentation of contracts in the supply chain.
Another of the initiatives that stands out is the one undertaken by General Motors and Honda for smart energy networks using blockchain. Both multinationals have been interested in exploring the potential of blockchain technology for the storage and processing of data related to car energy consumption.
The renowned German automaker Volkswagen announced in April April that it would use a blockchain platform for traceability of the cobalt supply chain, with the aim of ensuring that the origin of this mineral (used for its lithium batteries) is responsible.
Prior to that, Volkswagen joined a blockchain pilot program to track and validate minerals of ethical origin with this technology. Other participants in the agreement were Ford Motor Company, Huayou Cobalt, IBM, LG Chem and RCS Global.