Blockchain

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 big data, machine learning and other cutting edge technologies. Connected cars alone produce 25 gigabytes […]

Automobile Blockchain

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 supply of Cobalt for the batteries that they manufacture. 67% of world’s Cobalt supplies originate […]