BMW is increasingly embracing blockchain. The company’s seriousness about the technology once again finds expression when they hosted Mobility Open Blockchain Initiative (MOBI) in their Munich IT center.
Giant automakers form blockchain consortium
There’s a now a blockchain consortium for the automobile sector. The Mobility Open Blockchain Initiative (MOBI) has been formed, with participation from giant automakers BMW, Ford, General Motors (GM), and Renault. The automotive sector is clearly the next frontier for…
BMW partners with blockchain start-up to source ethically sourced Cobalt
German automobile giant BMW is working towards eliminating Cobalt produced by child labor from their batteries. They have partnered with Circulor, a London, UK-based blockchain start-up for this project. Majority of companies manufacturing electronic and electric vehicles need a large…