Blockchain connects autonomous vehicles to fight congestions

Blockchain connects autonomous vehicles to fight congestions

Technology News |
By Christoph Hammerschmidt

The grand vision of this MOBI Grand Challenge is to enable safe and congestion free transportation through V2X communication supported by a blockchain-secured data exchange protocol. The three-year MOBI Grand Challenge (MGC) series will kick off on October 12 with its first challenge, a four-month long tournament to showcase potential uses of Blockchain in coordinating vehicle movement and improving transportation in urban environments.

This phase will end with a public demonstration of selected technologies at an event hosted by the BMW Group, MOBI community member, in Munich, Germany on February 15, 2019. 

Ocean Protocol, a blockchain enabled data exchange protocol, has committed 100,000 dollars’ worth of token prize to the three-year MOBI Grand Challenge series to enable the data sharing needed for developers, data and AI specialists to offer the world an autonomous and better mobility solution. Beyond Protocol, a Silicon Valley-based distributed ledger technology (DLT) company creating the new internet and the ethical language of machines, has committed to 250,000 dollars’ worth of tokens to be used on the Beyond Protocol network.

Worldwide, drivers spend an average of over 40 hours per year in traffic congestion; in cities like Los Angeles, drivers can waste over 100 hours in congestion. From an environmental perspective, transport consumes 25% of energy produced and 50% of oil globally and accounts for 25% of greenhouse gas emissions. More importantly, road traffic injuries are the leading cause of death among people between 15 and 29 years old and more than 1.25 million people die each year as a result of road traffic crashes.

“Today, many pieces of the smart mobility future are already in place and there are no fundamental roadblocks to realizing the full benefits of blockchain connected vehicles,” said MOBI’s CEO and Co-founder Chris Ballinger. “Through the MGC, MOBI and TIoTA aim to spark corporate, government and academic cooperation, connect developers with key stakeholders to drive progress, and fully exploit the potential of blockchain technology.”

Blockchains and distributed consensus protocols enable vehicles to autonomously verify identity, enforce complex rules, negotiate with other vehicles and infrastructure, and bind behavior, creating a safer, more efficient, and greener future.

“Mobility is a breakout IoT industry vertical for blockchain,” said Zaki Manian, Executive Director of the Trusted IoT Alliance and a member of MOBI’s Board of Advisors. “Only a small percentage of companies have completed end-to-end proof of concepts in this area and our intent is to fill this gap. With this collaboration, we will further the viability of applications of blockchain for smart contract enabled IoT devices.” 

MOBI and TIoTA are already collaborating on two essential use cases: Roadside Infrastructure & Autonomous Vehicles and Supply Chain. For the MGC, TIoTA will support participants in building out and testing automotive and mobility solutions on the open TIoTA Testnet. Winners of this first Challenge will receive 350,000 dollars’ worth of awards in several categories, including: ● 250,000 dollars’ worth of tokens awarded by Beyond Protocol, to be used on the Beyond Protocol network ● 100,000 dollars’ worth of tokens awarded by Ocean Protocol, to be used on the Ocean Protocol network for data exchange and AI advances

Learnings uncovered in this first tournament will be used to create the next series of the three-year challenge. The ultimate goal of the MGC is to develop the first viable decentralized, ad hoc, network of blockchain connected vehicles and infrastructure that can reliably share data, coordinate behavior, and improve urban mobility.

MOBI Grand Challenge –



Related articles:

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News


Linked Articles