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The MOBI Grand Challenge: unlocking new Blockchain mobility solutions

February 2019

Posted by

Vangelis Andrikopoulos

Research Analyst

Vangelis is an analyst focusing on deep quality assessment of deals that pass the initial deal-flow stages. He is also exploring the convergence of blockchain technology, artificial intelligence and the internet of things....read more
research

The MOBI Grand Challenge: unlocking new Blockchain mobility solutions

Posted by Vangelis Andrikopoulos - February 2019

Following the successful September release of our Convergence in Mobility report, we are sharing the findings in events around Europe. We’ll be helping to judge the MOBI Grand Challenge in Munich, on 14-15 February, one of the most important events in the mobility ecosystem this year.

We’re proud to be one of the founding members of MOBI (Mobility Open Blockchain Initiative), alongside a consortium of leaders in the blockchain space and automakers including Renault, Ford, GM, and BMW.

We joined MOBI, the nonprofit smart mobility group to help make services more efficient, greener and safer. To further help the ecosystem reach its goals, we work with forward-thinking companies, governments, and NGOs; taking our convergence thesis and applying it to mobility. MOBI CEO Chris Ballinger, as well as Five AI, Shell, KPMG and The University of California at Berkeley contributed to the report

By 2030, urban mobility demand will increase by 36%, driven by expectations that 60% of the world’s population will live in cities.

 

The MOBI Grand Challenge: unlocking new Blockchain mobility solutions Outlier Ventures

 

Ownership trends, electric vehicles, and autonomy are already impacting the mobility value chain upending previous distinctions between transporting goods or people.

Customers prefer customised mobility options based on their individual and lifestyle preferences, with the same quality of UX they see in other personalised devices such as their smartphone. All of this is being shaped by the convergence of DLTs, crypto-assets, decentralized networks, data marketplaces, and AI.

In the Convergence Ecosystem, data is the core asset. Collected by the Internet of Things and software, data is authenticated, validated and secured using distributed ledgers, consensus and other decentralised technologies. We believe all of these changes are interconnected, and the Convergence Ecosystem provides a valuable framework to understand value chain changes.

In mobility this means the following:

  1. Removal of silos – DLTs by their very nature facilitate value interoperability which points to a shared and integrated mobility ecosystem characterized by widespread collaboration.
  2. Sharing data becomes the dominant strategy – participants in the future mobility ecosystem will benefit more by sharing their data rather than hoarding it.
  3. Self-sovereign ID – Users and vehicles individually and in concert, own and manage their self-sovereign identities, allowing them to access a distributed ecosystem of mobility assets and services.
  4. New economic value unlocked – Smart contracts, distributed computation facilitate machine-to-machine economy via automation, security and unlocks new business models. Vehicles increasingly become computers on wheels, powered by software, with their own autonomous economic agency and new in-transit user interfaces and experiences.

An integrated open mobility ecosystem goes beyond the traditional automotive industry and brings together bikes, trains, planes, ships and newer transport types like drones and innovations like Hyperloop.

Without fundamentally rethinking our approach to infrastructure for this emergent integrated mobility landscape, we will face a tragedy of the commons. Without shared infrastructure and a collaborative approach, siloed operating systems and data will limit the transformational impact of multimodal mobility.

The winner of the MOBI initiative will be a champion of these ideals, but in fact, all competitors will be needed in the ecosystem to be the rising tide that lifts all boats. The winning pioneer of the Grand Challenge tournament will be rewarded Ocean tokens worth $100,000. Furthermore, an extra $900,000 set aside to facilitate the event winners for a period of three years.

Come and join us here, as we talk through this new infrastructure and the world of tomorrow.