Blockchain-connected autonomous vehicles for a congestion-free future

October 11, 2018 //By Julien Happich
Blockchain-connected autonomous vehicles for a congestion-free future
The Mobility Open Blockchain Initiative (MOBI) and the Trusted IoT Alliance (TIoTA) have launched the MOBI Grand Challenge to unlock new Blockchain-connected autonomous vehicle solutions.

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.

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