Has anyone been seeing how blockchain firms such as ShareRing have been making their way into the automotive industry in a major way? It appears that blockchain technology is perfect for use with autonomous vehicles, in other words, in the not too distant future; blockchain tech is going to help your car drive by itself. Autonomous cars are already available by the manufacturer Tesla and every major car company has been pouring in investment funds towards being the next to achieve this goal of self- driving vehicles.This company out of Australia called ShareRing has been making some waves in the auto industry after being chosen by the Mobility Open Blockchain Initiative (MOBI) as the development team to take their blockchain initiative to the next level. This global consortium is a nonprofit that was originally created to see how blockchain technology could benefit the transport industry. MOBI is focused on transport in general including tolls, auto manufacturing, public transportation, and roadway advancements. MOBI and ShareRing teaming up is huge news for both parties involved. If you are unfamiliar with ShareRing, here is a quick synopsis. ShareRing is a blockchain-based platform that basically allows tokenization of any item for sharing purposes. Agreements are configured and stored in smart contracts that live on the blockchain, so they can't be altered in any way. It appears that the ShareRing ecosystem is a perfect fit for additional services such as supply chain tracking, vehicle payments, autonomous vehicle programming, vehicle history, and that's just the tip of the iceberg.The ShareRing concept is backed up by some pretty heavy hitters in the industry. Tim Bos and Peter David are the creative minds behind the hugely popular Keaz platform. This unique system enables companies to track their fleets and share assets with more accuracy and lower costs when compared to traditional business systems in use. There is no doubt that these guys are pulling from this experience to ensure that ShareRing takes flight in a similar manner.MOBI isn't a small organization by any means. To put MOBI's ability to change the market into perspective, you just need to look at the Chairmen of the organization, Chris Ballinger. Chris is the former CFO of Toyota and he is a very well connected individual who has the ability to influence the market through his life-long relationships he developed while heading one of the world;s largest automakers.MOBI and ShareRing are bringing together automakers, suppliers, startups, and government agencies in a way that would never have been possible prior to the development of blockchain technology and the changes are sure to affect every aspect of the transport industry. It appears as though blockchain technology is set to revolutionize this sector and reduce most of the waste that currently plagues the market.Consumers and manufacturers have much to benefit from this merger and it can only help to expand blockchain's reach in terms of global influence. This could be the start of something really big and I'm hoping that one day soon, I will be counting my Satoshis in my blockchain-based self-driving car.
Submitted June 11, 2018 at 04:39PM
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