DAV Foundation, a blockchain start-up building a decentralised global network for autonomous vehicles, has joined the Mobility Open Blockchain Initiative (MOBI), a peer-to-peer ecosystem to make transportation more affordable, safer and widely available.
The DAV Foundation joins industry peers including BMW, Groupe Renault, Ford, General Motors and organisations that together account for over 70 per cent of global vehicle production by market share. The MOBI consortium includes automakers, public transportation providers, energy companies, insurance firms and regulatory bodies across the world.
Transportation mobility options are not only critical for many people’s lives, but they are also a key element of a thriving economy. As our world becomes more urbanized though, many are choosing not to purchase a car of their own due to the ever-growing and increasing cost of ownership.
There is already a growing body of evidence that suggests car ownership may no longer be a good deal. When people become unhinged from their cars, they no longer have to worry about issues such as parking, insurance, maintenance and fuel costs.