XYO Network, the people-powered location network that is conveying blockchain to the reality, has joined the Mobility Open Blockchain Initiative (MOBI). It is a worldwide consortium of brands and businesses dedicated to innovating the transportation business through blockchain. By banding together with MOBI, XYO Network joins BMW, ConsenSys, the World Economic Forum and other global brands to collectively make mobility of the future greener, more secure and more available.
Markus Levin, XYO’s Co-founder says that there have never been all the more energizing mobility use cases around blockchain, and MOBI’s central goal typifies what the eventual fate of blockchain is about. Their individuals are known for both innovation and accelerating the adoption of new transportation technology, which is precisely why they joined their front line consortium. XYO look forward to playing an active role in choosing the standards of the future.
XYO Network utilizes crypto-location technology that not just secures privacy, it gives more precision of where objects are both in relation to other objects, and where they are on the planet. Conceivable use-cases with MOBI could incorporate driverless cars that use the XYO Network to “see” each other, or vehicles that use XYO data to navigate traffic at occupied convergences. With its next generation of GPS functionality, the XYO Network can power everything from mechanized parking payments to smart contracts to any number of mobility applications.
As reported by Business Wire, established in May, MOBI is working with top global accomplices on making a protected, trade-focused mobility ecosystem utilized for confiding in vehicle identity and tracking, carbon estimating, usage-based insurance, and more.
“Multi-party collaboration is critical to the new time of blockchain development,” included Levin. “We look forward to being a part of the basic leadership process as we meet up to address common industry and technology challenges, make arrangements that scale, and cooperatively accelerate the adoption of blockchain technology in the transportation world.”
The post XYO Joins MOBI To Buildout Blockchain Standards For Transportation appeared first on OWLT Market.
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