Express

BMW, Ford use Blockchain Identities for Vehicles to against fraud

chen.zou

Summary: Announced Tuesday, a working group formed under the Mobility Open Blockchain Initiative (MOBI) and co-chaired by the two car giants, has released the second instalment of a standard for how to record the "true" identity of vehicles on a blockchain platform. Dubbed vehicle "birth certificates," the Vehicle Identity Standards I and II focus on vehicle ...

Announced Tuesday, a working group formed under the Mobility Open Blockchain Initiative (MOBI) and co-chaired by the two car giants, has released the second instalment of a standard for how to record the "true" identity of vehicles on a blockchain platform. Dubbed vehicle "birth certificates," the Vehicle Identity Standards I and II focus on vehicle registration and maintenance traceability in order to provide a "tamper-proof" history of the vehicle to buyers, regulators and insurers.The work is supported by a number of other major firms such as Accenture, AWS, Bosch, Hitachi America, Honda and IBM.

Last Update:

Tags: ,,
Link: BMW, Ford use Blockchain Identities for Vehicles to against fraud   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 8 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago

    • You need to login to comment.