BMW, General Mootors, Honda, Ford Partner With Mobility Blockchain Initiative to Develop …

BMW, General Mootors, Honda, Ford Partner With Mobility Blockchain Initiative to Develop Automated Payments System

A group of automobile manufacturers will reportedly be testing a blockchain-enabled vehicle identification network in November. According to the Nikkei Asian Review, BMW, General Motors, Honda, Ford and Renault have partnered with the Mobility Open Blockchain Initiative (MOBI) in order to develop a system that automatically makes payments for everyday commuting runs without requiring cash or credit and debit cards.