The Mobility Open Blockchain Initiative (MOBI) organized a competition to understand how the behavior of vehicles will change on the roads of the future smart cities, whether they are capable of communicating, cooperation and transacting between each other.
The tournament is called Grand Challenge and starts on October 12 with the exhibition of innovative technologies from BMW Group.
Every winner will get a prize in the blockchain token form to improve the mobility and data sharing of the next generations: Ocean Protocol and Beyond Protol have committed $1 million and $250,000 token equivalent respectively.
MOBI has appeared only in May this year but it puts effort to develop and attract new startups, carmakers and OEMs. One of the latest sign ups, according to MOBI’s CEO Chris Ballinger, was the R3 consortium.
Speaking about the tournament Ballinger explained that it is something average between a hackathon, XPRIZE and the DARPA Grand Challenge.
However, this is only the initial state of the project that is planned to last over 3 year and its goal is to perform tests of the building blocks of mobility networks to be used by future generations. The components include communication between vehicles and infrastructure without GPS, micro-payments, and ad-hoc mobile networks.
Similar to the first steps of DARPA in distant 2004, MOBI also puts its first efforts expecting sponsorship from corporations and government. Ballinger admits the immaturity of the technology but believes that in several years already it will be a possibility.
Micropayments and cars powered by electricity
With the invention of micropayments and wallets people also offered a hypothesis that soon cars will process payment themselves to move the right way and get to the destination faster, for example. According to Ballinger it is possible to achieve using micropayments. Moreover, they will get several more benefits like data sharing for traffic reduction or making driving safe.
Cars will be able to connect with each other and infrastructure using local ad hoc networks and get and share all the necessary information. Cars will get a chance to adjust their speed and avoid accidents thanks to that.
One more interesting project is developed by Beyond Protocol. According to the company CEO Jonathan Manzi, their team is developing a self-driving electric vehicle that can charge another car using a wallet installed in the battery units. It will minimize the necessity to go to the gas stations and make a charging process faster and more comfortable.