Tuesday, May 21, 2019
News
NEWS HOME
»
PRN INDIA
IBM Hosts First APAC MOBI Colloquium to Promote Standards and Accelerate Adoption of Blockchain in Human Mobility
  SocialTwist Tell-a-Friend  
   

Major car makers and technology companies convene to discuss how to make human mobility safer and greener for better quality of life

SHANGHAI, April 17, 2019 /PRNewswire/ --  Today, members from the Mobility Open Blockchain Initiative (MOBI) and representatives from major technology companies and automakers convene at IBM's China Headquarters in Shanghai to discuss the way forward to accelerate the development of connected cars and autonomous mobility solutions. The first APAC MOBI Colloquium sets out to explore the current state of blockchain research and development, IoT solutions, and how these new technologies can make mobility greener, safer, and more accessible for China and the region.    

Today's vehicles are evolving from a mode of transport to moving data centers with onboard sensors and computers that capture information about the vehicle and its surroundings.  Blockchains can unleash this data to power a new and more sustainable future.

In China, blockchain is undergoing a period of rapid growth and experimentation. The People's Bank of China recently backed and piloted a new blockchain-based trade finance platform, the judiciary adopted rules making blockchain evidence admissible in court, and the Agricultural Bank of China made a blockchain mortgage. The development of blockchain technology itself is key to the nation's technological advancement.  

"Blockchain and decentralized ledger technology has great potential to make mobility greener, safer, and more accessible for cities around the world, especially for nations with rapid urbanization like China," said Chris Ballinger, CEO of MOBI. "MOBI is set up to promote the advancement of a future solution that combines smart cities and connected cars to make people's lives better. This is a big mission. It is not a task to be realized by a single company.   By bringing together key stakeholders, experts, and partners, we believe MOBI is in the right position at the right time to advance this grand vision."

China has more than 300 million registered vehicles – almost the same number as people in the United States – and the number continues to rise.1 10 out of the 25 most congested cities in the world are in mainland China.2 Motor vehicle emissions have become a major source of air pollution in China.3

A new mobility solution is needed to ensure a sustainable future.

If this vision can be realized, the benefits it brings to our society are immense. Studies4 have shown that autonomous vehicles can optimize fuel efficiency and reduce emissions by 60%. In the US alone, people in urban areas spend about 7 billion hours in traffic every year. That's 3.1 billion gallons of fuel wasted and $160 billion lost due to traffic congestion. Most importantly, by minimizing human error, autonomous vehicle solutions can reduce accidents by 90%.

All this is great but we still have a fair way ahead of us. According to a Rand Corp study,5 1 trillion miles of self-driving data is needed in order for autonomous vehicle models to be accurate and safe. Waymo, the former Google autonomous car project, is driving 25,000 miles a day. At this rate, it would take close to 110,000 years to reach the Rand Corp mileage target.

"The linchpin is data," said Trent McConaghy, founder of Ocean Protocol. "We are bringing to MOBI a blockchain-powered platform that enables data to be shared in a safe, privacy-preserving, borderless fashion. Algorithms can travel to data to get trained without exposing the data or taking a copy. This is ideal for MOBI's partners and community to retain data privacy and ownership. For the first time we can unlock the value of data without unlocking data itself," McConaghy continues.

The MOBI Colloquium Shanghai brings together a diverse network of industry leaders and startups, providing them with a platform to share knowledge and innovate. Widespread adoption of blockchain technology cannot be achieved without the creation and agreement upon standards to regulate the ecosystem. By encouraging communication between differing industries, MOBI helps drive forward blockchain scalability. China's robust mobility, blockchain, IoT, and AI ecosystem offers tremendous opportunities for MOBI community members to create a brighter and safer future.

The first APAC MOBI Colloquium is hosted by IBM and co-organized by CPChain and Tribe Accelerator.

About MOBI

MOBI is a nonprofit foundation formed to accelerate adoption of and to promote standards in blockchain, distributed ledgers, and related technologies for the benefit of the mobility industry, consumers, and communities. MOBI and our partners are creating simple, standard and digital ways of identifying cars, people, and trips, of paying for mobility services, and securely exchanging and monetizing data in ways that preserve property rights and privacy.

MOBI is working with most of the world's large automakers and many mobility ecosystem players, along with many start-ups, non-profits, governments, NGOs, transit agencies, and technology companies. We are convinced that by working together we can make mobility services more efficient, affordable, greener, safer and less congested. MOBI is an open, inclusive body that acts as a 'trusted convener' and partner to entities in the emerging ecosystem of pay for use, on demand, connected, and increasingly autonomous mobility services. MOBI itself is technology and ledger agnostic.

About Ocean Protocol

Ocean Protocol is a decentralized data exchange protocol to unlock data for AI. Through blockchain technology and smart contracts, Ocean Protocol connects data providers and consumers, allowing data to be shared while guaranteeing traceability, transparency, and trust for all stakeholders involved. It allows data owners to give value to and have control over their data assets without being locked-in to any single marketplace. By bringing together decentralized blockchain technology, a data sharing framework, and an ecosystem for data and related services, Ocean Protocol is committed to kick-starting a new Data Economy that touches every single person, company and device, giving power back to data owners, enabling people to reap value from data to better our world. Visit  oceanprotocol.com to find out more.

About CPChain

Cyber Physical Chain (CPChain) is a new distributed infrastructure for next generation IoT. CPChain intends to build a fundamental data platform for IoT systems in combination with distributed storage, encryption computation and blockchain technologies, providing the whole process solution from data acquisition, storage, sharing to application.   CPChain is a promising solution to a series of challenges of the current "chimney architecture" of IoT systems, reducing connectivity cost of devices, protecting data privacy and maximizing the value of IoT data.

About Tribe Accelerator

Tribe Accelerator, the first Singapore government supported blockchain accelerator, is championing to be a neutral platform in driving collaboration and growth of the blockchain ecosystem. Together, these organizations, as an integral part of the critical growth of the global blockchain community, aim to create a collaborative space to encourage the exchange of ideas on the modernization of the mobility space.

Media Contact: Adria Stauber, Communications Manager
communication@dlt.mobi  | www.dlt.mobi | @dltMOBI

1  http://english.gov.cn/state_council/ministries/2018/10/17/content_281476349681232.htm
2  https://www.tomtom.com/en_gb/trafficindex/list?citySize=LARGE&continent=ALL&country=ALL
3 https://gbtimes.com/vehicle-emissions-become-major-source-of-air-pollution-in-china
4  https://onlinemasters.ohio.edu/blog/the-future-of-driving/
5  https://www.rand.org/content/dam/rand/pubs/research_reports/RR1400/RR1478/RAND_RR1478.pdf

 

More News by PR Newswire India

Cloud4C, a Global Cloud Managed Services Provider Gets a Fresh Look

Upgraded ISLE 2020 to be held in Shenzhen New Exhibition Center with One-stop LED and Signage Solution

Hangzhou capitalizes on Aviation Town to become an aviation city

80% of Children Would Eat Healthier Food if They Knew Their Heroes Did Too, Finds Survey by Beko

CGI and Cyberabad Police Work Together to Improve Citizen Safety Through CCTV Maintenance in Hyderabad's Tech Hub

DeepQuanty Artificial Intelligence Labs Announces the Launch of its First Product 'SnapChek'

Sercomm and Altiostar Drive Small Cell and Open vRAN Innovation

Mainstream Renewable Power: Audited 2018 Financial Results

Vymo Collaborates With Microsoft to Power Organizations Globally With its Intelligent Personal Assistant for Sales

Global In-house Centers Leasing to be in the Range of 30-35 Million sq Feet Between 2019-2021, Across the Top Six Cities: Colliers International India

From Sensing to Sensemaking: Converging Big Data with Plant AI

CGTN America's First Podcast

Varian Announces Definitive Agreement to Acquire Cancer Treatment Services International

Surgical Specialties Corporation Launches Caliber Ophthalmics Division to Focus on Global Growth of Ophthalmic Surgical Procedures

2020 Digital Health Predictions: A Look Forward to the Promises of AI, Big Data, Femtech, and More

International Burger Joint Black Tap Celebrates Grand Opening At The Downtown Disney® District At Disneyland Resort With Actress Vanessa Hudgens

Dalmia Bharat Sugar and Industries Limited Announced its Audited Results for the Quarter and Year Ended 31st March, 2019

Objectify Standardises on 'MSC Simufact Additive' for Additive Manufacturing Simulation

Changzhou holds advanced manufacturing technology achievements exhibition

Deciphex Applauded by Frost & Sullivan for its Machine Learning-powered Patholytix Preclinical Digital Pathology Platform

UNUS SED LEO Listing on Bitfinex Following Completion of $1bn Contribution

Emerson's Sensi™ Smart Thermostat Line Earns Frost & Sullivan Acclaim for Convenience, Cost Efficiency

Merck Joins TRANSVAC2 Program to Advance Vaccine Development and Manufacturing

Swiss Re Celebrates International Day Against Homophobia, Transphobia, and Biphobia With 'Ek Madhav Baug'

AlgaEnergy and Krishi Rasayan Group Announce a Joint Venture, AgMA Energy, to Bring New Agricultural Solutions for key Asian Markets

Asia300 Forum Gathers Asian Business and Political Leaders in SW China

Streaming Service Providers Develop Monitoring & Compliance Solutions In-house then Seek Technology Vendors for Deployment

Cosmoprof India 2019 Focuses on Trends and Winning Strategies to Optimize Business Opportunities in India

HKUST and WeBank Launch First HK-Guangdong Joint Laboratory in Banking

Results from Spatz Medical FDA clinical trials confirm that Spatz3, the only Adjustable Gastric Balloon, delivers the highest success rates of all gastric balloons

ACEF Collaborates With NetBiz for Global Customer Engagement Awards

CATL's ESS Solutions and LFP Technology Take Centre Stage at ees Europe 2019

MEIL Proved its Superiority in Hydrocarbons Sector Too

9stacks Launches Pokerface With Gopal Datt: India's First Poker Chat Show

Moët Hennessy Acquires Château du Galoupet, Côtes-de-Provence, Cru Classé Since 1955

8th Annual InnoPack Pharma Confex Set to Engage Industry Audience

Calastone Goes Live With World's Largest Financial Services Community on Blockchain

IIT Kanpur Alumnus Donates USD 100,000 Towards Class of 1984 Endowed Chair

NI and OPAL-RT Sign Strategic Agreement to Work Together to Advance Electric Vehicle Testing Through Hardware-in-the-Loop Simulation

A New Approach to Treating Alzheimer's Disease Receives Major NIA Backing

Jubilant Biosys is first to add ForteBio's latest SPR System in India, for fragment screening and characterization of lead compounds

Rising Insolvencies Increase Demand for Credit Insurance in Asia Pacific, Atradius Survey Reveals

MUSE Global Eyes India as Next Step in International Expansion

Neymar Jr. x Diesel Fragrances Launch Spirit of the Brave

IBS Software to Acquire Canadian Aviation Software Major

Shiv Nadar University Celebrates Its Fifth Convocation

The Rising Global Impression of Manipal’s AUA, College of Medicine

UST Global Announces CEO Retirement and Succession Plan

MaxiMine Forms Strategic Partnership With Jinse Finance as Salon Series Hits Chengdu

SEMI Monitors Escalating U.S.-China Trade Tensions; Eyes Global Electronics Supply Chain Impact

GCL System Unveils Cast-Mono Products to Welcome Grid-Parity Era

Bicester Village Launches 'Celebrating India' With VIP Guests Waris Ahluwalia, Jodie Kidd and Donna Air

Panda Asian Food Festival kicks off in Chengdu

Zoya Presents Style Digest 2.0 With Ace Stylist Rhea Kapoor

STL Launches Disruptive Portfolio of Software Products to Accelerate CSPs' Digital Reinvention

TPV Announces the Availability of the Revolutionary 65" Ambilight Philips Television in India

IIM Udaipur Placement 2019: Offers From Multiple Global Locations; Major E-Commerce and FMCG Players Among Top Recruiters

BanQu Secures Partnership with RSM Spain to Bring Supply Chain Transparency, Traceability and Sustainability to Spanish and European Markets

Pearson India to Focus on B2C Business to Accelerate Growth

Peppa Pig and her Brother George Finally Arrive in India

LeadSquared Raises USD 3 Million in Series-A Funding to Focus on Global Expansion

Vidyashilp Community Trust Adopts 21 Government Schools in the N4 Region of Bengaluru

Apex Professional University Recognized as the 'Best Education Brand of 2019' by the Economic Times

Research Afoot at Shoolini University to Produce Biodiesel From Biowaste

Hatsun Agro Product Ltd Strengthens its Portfolio With the Launch of New Dairy Products

Marlin Equity Partners Announces Strategic Minority Investment by Blackstone

InnoVEX Returns in 2019 for New Thinking, New Engineering, and New Future

CleverTap Bolsters C-Suite Leadership as it Accelerates Product Development and Market Expansion

ThomasLloyd Launches First Open-ended Public Infrastructure Fund and Signs Global Fund Distribution Agreement With Allfunds

Midstream Partners Find Growth Opportunities as Management Complexity of Water Climbs in Upstream Oil & Gas

At the Astana Economic Forum-2019 Forecasts Are Voiced Regarding the Future of Mankind

OpenFin Raises $17 Million Series C from Wells Fargo and Barclays

Hangzhou's IC projects attract RMB 163 million investments in Q1, up 24.1 pct year-on-year

Prysmian Secures Approx. €200 Million Offshore Wind Energy Project in the US

Huawei Wins Intersolar AWARD at Intersolar 2019

7th Edition of Concrete Show India Commences in Mumbai

Wanda Department Store Officially Renamed Suning.com Plaza

BOS Platform Foundation Announces the 'BOSAGORA' Platform That Will Fulfill the BOS Project Vision

Pennar Industries Receives NCLT Approval to Merge PEBS Pennar and Pennar Enviro With Itself

Simplilearn Aims to Double its Revenues to INR 500 Crores by 2021

Automakers that Focus on Energy-efficient Vehicles Best Poised to Leverage Government Subsidies, says Frost & Sullivan

Reevoo and J.D. Power Combine Strengths to Lead Automotive Consumer Insights Space in the US

HGC further collaborates with Salesforce and Enxoo to accelerate digital transformation and deliver a better customer experience

TUV Rheinland opens state-of-the-art Wireless/IoT lab in the heart of India's high-tech design hub

Hip Hop Superstar Travis Scott to Headline Friday Night Yasalam After-Race Concert at 2019 Abu Dhabi Grand Prix

IIIT-Hyderabad Conducts First Training of Teachers for Student Induction Programme by UGC

Frost & Sullivan: Water and Wastewater Companies to Gain an Edge by Offering Innovative Business Models Tailored for APAC

StrataWeb® Solved Slope Erosion Problem at a Reservoir

Absolut Announces Winner of Global Creative Competition From 7,500 Entrants

Global Recognition for Synergy Group

MSE Further Strengthens its Board; Inducts SEBI CDAC Member Mr. Vijay Sardana as Public Interest Director

Local and Global AI Leaders Collaborate to Kickstart Vietnam's AI Movement

IQLECT Launches 'ShopIQ' to Provide Real-time Analytics for E-commerce Businesses

SCIKEY Becomes the First to Introduce Crowdsourcing of Job Seeker Resumes With its 'Seller Platform'

Appnext Has Achieved a Top Ranking in the Kochava Traffic Index for Q1 2019

Latham & Watkins Adds Three Prominent Corporate Partners In Tokyo

Next Story Group Acquires Melbourne Property to Establish the First LinQ Hotel

Shiji Group And FreedomPay Announce Key Partnership To Support Global Expansion Plans

Merck Data at ASCO 2019 Showcase Multiple Innovative Molecules with Potential to Impact Unmet Needs in Cancer Care

Universal Fibers Opens New Plant Facility in Europe

Apollo Proton Cancer Centre, Chennai performs India's First Total Marrow Irradiation Procedure

Vendors Focusing on Hard Goods to Gain from the Rising Demand for Self-retracting Lifelines

Cotecna Acquires Neotron, a Leading Provider of Analytical Solutions to the Food Sector

Collinson Continues Medical Assistance Expansion With Aspen Medical Partnership

Nielsen Is No. 7 On 100 Best Corporate Citizens List In 2019

Cambium Networks Announces Wireless Connectivity Hero Award Winners for First Quarter of 2019

Hangzhou attracts RMB1.5 billion investments in bio-pharmaceutical projects in Q1

OKJumpstart Announces ALLIVE Token Sale on Their Platform

Herbalife Nutrition Survey Reveals 8 In 10 Asia Pacific Consumers Strive for Healthier Breakfasts, But Majority Still Make Breakfast Decisions Based on Convenience

NetBiz Joins Wellness Fest to Lead the Way for a Happier Navi Mumbai

What is your Marketing ROI: Understanding Real Impact to Grow Revenue

Connell broadens offering to its Life Science customers with the acquisition of Ingredient Resources

SOTC Launches its 'Last Minute Deals' - a 10-Day Sale for Spontaneous Travelers This Holiday Season

IBM Expands "New Collar" Programs into France

Cyril Amarchand Mangaldas Advises on India's Largest Rights Issue of INR 25,000 Cr by Vodafone Idea Limited

Zift Solutions Launches Strategic Partner Program

IBM Showcases Work with European Companies Using Hybrid Cloud and AI Solutions to Transform Industries

FarEye Targets 325% Growth in Revenue This Fiscal

Jinergy 450W HJT Module in the Spotlight in Intersolar Europe

Right2Vote: Government of India Certified e-Voting Platform for Insolvency Cases

Comscore Announces New Leadership in APAC and EMEA

First-of-its-Kind PV Inverter Scorecard Ranks Manufacturers by Performance in Independent Tests

Liventus Technology Services, India Announces Rebranding to PQube

MEIL Completed 130 Projects in FY-19

CATL and Volvo Car Group Sign multi-billion-dollar battery supply deal

LONGi Released New Series of High-Power Modules - 430W Hi-MO4 and REAL BLACK

Huawei Defines Digital City Needs with Maslow Model and Supports their Transformation with Digital Foundation

Nuix responds to market demand for a hosted eDiscovery solution with zero infrastructure costs in Asia

Seraphim rolls out Innovative Blade Bifacial Solar Module

Pneuma Respiratory and Leads Biolabs, Inc. Announce Partnership

Bittrex International and Vodi X Partner for Initial Exchange Offering

Gratomic Provides Clarification Regarding its Signing of a Definitive Graphite Concentrate Sales Agreement and Exclusive Marketing Agent for Continental Europe

Sekisui Diagnostics Invests $1.9 million in Microbial Biopharma CDMO Business

Astana Economic Forum: "Inspiring growth: people, cities, economies"

Joint Press Statement On Behalf Of Dr. Shiva Ayyadurai And Techdirt, Michael Masnick, And Leigh Beadon

Black Bull Advisors' Luis R. Gonzalez Delivers Keynote Speech at the NYC Blockchain Fund Summit While Explaining the Firm's AI-based Crypto-focused Hedge Fund

Harnessing Data and New Digital Technologies: Airbnb Executive to Explain the Rules of Modern Marketing

ActLight SA Announces Closing of Its Series C Round of Financing

Coinplug receives its fourth Korean government project of 2019

Adyen Selected By Uber As A Global 3D Secure Solution Provider

Qualitrol Releases New Gas Options for Their Flagship Online DGA Monitor

TechSmith Receives Frost & Sullivan 2019 Global Market Leadership Award for Dominating the Lecture Capture Solutions Market

JA Solar Half-cell Mono PERC Module, a New Choice of High-efficiency Products for the South Korea Market

Dalmia Bharat Group Commissions India's Most Advanced Monolithic Refractory Production Line in Katni (MP) India

Bayshore Networks Applauded by Frost & Sullivan for Its Comprehensive Cyber Security Platform, Lighthouse

Gratomic Announces Signing of a Definitive Graphite Concentrate Sales Agreement and Exclusive Marketing Agent for Continental Europe

Siklu MultiHaul™ cTU, the Next Generation TU, is Now Available

Xi'an Food Shines at 2019 Chinese Artisan Food Festival in Xi'an, Shannxi, China

High Adoption of Electric Vehicles in China Attracts OEMs Looking to Expand Their Global Footprint

UNSW Business School Ranked 1st in the World for Risk and Actuarial Studies

Bright Pattern Selected as Finalist for Omnichannel Provider of the Year for Customer Contact Week (CCW) Excellence Awards

NMDC Shines at Singapore Iron Ore Week - 2019

China (Shaanxi) Pilot Free Trade Zone Development Forum is held to further the country's opening up and development

Arvind Fashions Partners With Nucleus Vision to Create a More Seamless & Personalized Shopping Experience

Bain & Company's India Private Equity Report 2019, Released

Diageo Reserve Announces World Class 2019 in India

ReNew Power Conferred LEED Gold Certification by US Green Building Council

Swiss Re Hosts Exclusive Career Forum for Women -'ElevateHER'

Brain imaging AI leader icometrix raises $18 million in new funding

Ortho Clinical Diagnostics to Host 4th Annual Hospital C-Suite Summit in Singapore

Bithumb Global Launches a Global Cryptocurrency Exchange

Global IaaS Market Rises as Enterprises Opt for Hybrid and Multi-Cloud Deployment Models

Empire State Building Run-Up Presented by Turkish Airlines Powered by the Challenged Athletes Foundation

Frost & Sullivan Publishes Annual Update on BioLineRx

INOX Leisure Scripts History With Exceptional Results

HighJump Named a Leader in Gartner 2019 Magic Quadrant for Warehouse Management Systems

Silicon Reclaim Wafer Market Logs Second Year of Strong Growth but Softening Ahead

Inclusive Technology Introduces AMAneo BTi, the World's First Mouse Adapter for iPad or iPhone

Master Kong delivers customized instant food products to China's Winter Sports athletes

Major Industry Analyst Firms Cite Io-Tahoe as a Leader in Smart Data Discovery

MGI Announces US$200 Million in First Round Fundraising

Measure Applauded by Frost & Sullivan for its Strategic Mix of Organic and Inorganic Growth Strategies in the Drone Services Provider Market

Rising Auto Demand and Surge in Investment to Push Platinum Market Into Deficit, Says Johnson Matthey's Latest Pgm Market Report

Former U.S. Secretary of State John Kerry, Her Royal Highness Princess Lalla Hasnaa of Morocco, Mahindra Group Chairman Anand Mahindra, African Wildlife Foundation CEO Kaddu Sebunya Among Newest Members of Earth Day Network's Global Advisory Committee

Artprice: Sculpture, the Medium of Tomorrow

Beijing Spring International Long Distance Walk Carnival held in Fangshan

Frost & Sullivan Publishes Annual Report on Enlight

Buyers From More Than 40 Countries and 100 Smart Cities of India to Witness World's Largest Ceramics Expo

Gazprom International Children's Social Programme Football for Friendship Global Ambassador Franz Beckenbauer to Share Skills with Young Players from Around the World in Madrid

NetLinkz appoints IT Industry Veteran Jim Preketes as Chief Operating Officer

Pennar Group Bags Orders Worth INR 311 Crore

World-class residential project Prague Town in China's Lishui makes an appearance in New York on May 10

Nexen Tire's Partner Manchester City Becomes Back-to-Back Champions at the Premier League

IIIT-Hyderabad's Prof. Pradeep K. Ramancharla Elected Vice President (South) of Indian Association of Structural Engineers (IAStructE)

Flock Coliving Launches its 102-room Project in Sector 40, Gurugram

Torry Harris Named a 'Leader' Among Specialist API Strategy and Delivery Service Providers

Seraphim launches PLANET products, targeting PV energy storage market

AI will affect one in every five jobs in Asia--eliminating one in eight, finds new report by MIT Technology Review Insights

HTC Global Services Prepares for Growth With Investment in Prestigious Offices in the Heart of Kuala Lumpur

Ryanair Surpasses New Safety Standards For Flight Tracking With GlobalBeacon

The Seventh HIMSS-Elsevier Digital Healthcare Award in APAC Opens for Submissions

Designer Parfums Announces License With Formula 1® for Fragrance Category

Manorama Industries Limited Declares a Robust Financial Performance in FY2018-19

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Jodhpur: 4-year-old girl dies after fall...
Sitaram Yechury discusses agenda for Opp...
Mamata-Naidu meet over post poll strateg...
Fire breaks out at Andhra counting centr...
Be vigil near strong rooms, Priyanka tel...
Priyanka urges party workers not to beli...
More...    
 
 Top Stories
Chinese-made drones may be stealing... 
Markets surge: Sensex hits record h... 
Accounting firm ordered to handover... 
'Stranger Things' renewed for seaso... 
Reliance Industries displaces India... 
Onus on ensuring institutional inte... 
Tanushree Dutta discredits #MenToo ... 
Tariffs on shoes 'catastrophic': Sn...