Menu

SMART TRANSPORT FEATURE NEWS

CPChain and Mobility Open Blockchain Initiative Partner to Further Blockchain in Auto Industry

By Ken Briodagh July 30, 2018

Cyber Physical Chain (CPChain), the full-scale decentralized data infrastructure provider for IoT systems, recently announced that it has partnered with Mobility Open Blockchain Initiative (MOBI), a nonprofit organization that works with companies like BMW, Ford and General Motors, to improve the auto industry by promoting standards and accelerating adoption of blockchain and related technologies. In conjunction with the partnership announcement, CPChain has announced that it is now listed on KuCoin, an international blockchain assets exchange.

“With the recent advancements in connected and autonomous vehicles, there is a clear need for technology that can ensure the various technologies can safely and efficiently interact with another," said Dr. Long Chengnian, CEO, CPChain. "This is where blockchain and its immutable records have proven to be a viable solutions. We're thrilled to partner with MOBI to help create and accelerate adoption of blockchain in the automotive industry. We're also thrilled to announce that CPChain is now listed on KuCoin, the fifth exchange on which we are listed."

MOBI, which was formed in May of this year, is actively working with companies accounting for over 70 percent of global vehicle production in terms of market share. MOBI and partners, including, BMW, Bosch, Ford, General Motors, Groupe Renault, ZF, Aioi Nissay Dowa Insurance Services USA and others seek to foster an ecosystem where businesses and consumers have security and sovereignty over their driving data. Through an open-source approach to blockchain software tools and standards, the MOBI consortium hopes to stimulate more rapid and scalable adoption of the technology by other companies developing autonomous vehicle and mobility services.

CPChain, which is also listed on BiBox, ForkDElta, TIDEX and IDEX, recently debuted PDash, a Parallel Distributed Architecture for Data Storage and Sharing. The solution serves to improve efficiency, security, privacy and cost associated with the current Internet of Things (IoT) infrastructure. At its core, the platform incentivizes users to share information and assure the quality of data listed in the marketplace without the need to enlist costly, third-party support from data miners, which is in line with MOBI's mission.

CPChain has made strides within the industry, closing $30 million via a private sale in less than 48 hours and garnering attention and support from investments and partners such as the Trusted IOT Alliance (TIOTA), Qtum, Metaverse, High Performance Blockchain (HPB) and VeChain. Fully backed by an international team with experience in IoT, finance, security and commercial operations, CPChain is led by Dr. Long Chengnian, Founder and CEO of CPChain and Dr. Zhao Bin, Co-Founder, who has secured three patents on IoT inventions.


Ken Briodagh is a writer and editor with more than a decade of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Editorial Director

SHARE THIS ARTICLE
Related Articles

MS Amlin Introduces Marine Block Chain Project

By: Chrissie Cluney    8/14/2018

MS Amlin, an insurance company, has created the Marine Block Chain Project with partners such as Maersk, XL Catlin, EY, Willis Towers Watson and Guard…

Read More

ERM Advanced Telematics Launches StarLink Tracker for Connected Car

By: Ken Briodagh    8/8/2018

ERM Advanced Telematics, whose products have been installed in more than 1.5 million vehicles worldwide, recently launched its StarLink Tracker with W…

Read More

Cradlepoint Certified FirstNet Ready to Deliver Connectivity to First Responder Organizations

By: Ken Briodagh    8/6/2018

Cradlepoint's New FirstNet Ready MC400 Modem Module for Compatible IBR and AER Series 4G LTE Router Solutions Receives FirstNet Certification and Appr…

Read More

Telit Powers New Range of First Responder Routers from Centrix IP

By: Ken Briodagh    8/6/2018

New AIS range of devices includes vehicle, portable and personal variants, Telit modules allow Centrix IP to market its new products across multiple g…

Read More

Get Ready, Get Set, Park! Vehicle Detection Solution Rolled Out In India

By: Special Guest    8/1/2018

SenRa, one of the fastest growing Low-Power Wide-Area Network (LPWAN) providers in India has partnered with PNI Sensor to bring smart parking solution…

Read More