The electric vehicle industry is planning to set up a new organization to create blockchain applications.

Electric vehicle startups and the software industry are chaotic in the automotive industry. To ensure that they will not lose competitiveness, global automakers are stepping up cooperation. On the next block chain Summit (Future Blockchain Summit) held recently in Dubai, including General Motors (GM) and BMW, including the world's largest carmaker alliance software vendors, announced the formation of a new organization Mobility Open Blockchain IniTIaTIve, special use areas Blockchain technology.

According to reports, Teodoro Lio (Accenture) in charge of industrial innovation, Accenture, said Mobility Open Blockchain IniTIaTIve is by far the largest union, stressed that this is not a defensive measure automobile industry, an increasing number of the alliance is to allow technology to find the right size of the application.

The electric vehicle industry is in a chaotic position. Manufacturers plan to set up a new organization to create blockchain applications.

The organization aims to help create an ecosystem that allows businesses and consumers to have secure and sovereign value in their driving data, manage, share and trade vehicles, and store vehicle identity and usage information. The blockchain records transactions using decentralized technology, allowing users to independently verify and protect transactions without intermediaries, and is expected to accelerate business development processes.

Mobility Open Blockchain Initiative participation of companies, including car manufacturers GM, BMW, Ford (Ford) and Renault (Renault), Bosch (Bosch) and ZF, Accenture, IBM and Luxoft, and includes Ethernet and IOTA Square (Ethereum), including Encrypted currency organization.

Mobility Open Blockchain Initiative, chairman and CEO, was filled by Chris Ballinger Toyota Research Institute (TRI) of former finance director, director of operations and services. Since the organization is a non-profit organization, funding comes from annual contributions, and revenues may be increased in the future through additional means, such as providing certification services, but the program is still in its early stages.

Accenture believes that the organization is the first serious attempt by the automotive industry to push the scale and establish the current industry standards that are dominated by Uber, Lyft and Didi.

The automakers that work with the organization account for 70% of the global auto industry, but not every manufacturer has signed a cooperation agreement. For example, Volkswagen, the world's two largest automakers, and Toyota are not members. In the list.

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