Mobility Open Blockchain Initiative’s member-led Vehicle Identification Working Group created and launched the industry’s first VID standard incorporating blockchain technology into a digital vehicle identification system. In order to establish existence, this first standard focuses on the “birth” of the vehicle as a minimum representation of that vehicle’s creation. Subsequent VID phases will add additional product definition, ownership history, and a log of key-events in the vehicle’s lifecycle. The result will be a trusted and immutable master record of the vehicle’s history and data usage.
Created by a group of global automotive leaders, start-ups, and large technology companies, this VID standard emerged as the elementary step toward the digital evolution of the automotive and mobility industries. MOBI’s VID Working Group is chaired by Groupe Renault and Ford, with support from Accenture, AIOI Insurance, BMW, Car Vertical, Cerebri AI, Cognizant, ConsenSys, CPChain, Dealer Market Exchange, DLT Labs, GM, Honda, Hyperledger, IBM, IOTA, Kar Auction Services, Luxoft, MintBit, Netsol Tech, Oaken Innovations, On The Road Lending, Trusted IoT Alliance, and Xapix.
The first standard is the foundation developed by the working group to enable trusted data communication amongst inter-operating stakeholders within the mobility ecosystem. The VID is the master data key to a vehicle’s existence, behavior, and performance, supporting data transparency, coordination, and automation among stakeholders throughout its lifecycle.
In addition to the working group, the standard was thoroughly reviewed by formal verification experts – giving developers confidence their implementations adhere to the best practices in digital security. MOBI hopes that applications enabled by this standard will ultimately help lower carbon emissions, improve road safety, reduce traffic congestion, and support a host of other socially desirable outcomes.