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.
Vehicles are assigned unique identification numbers and their associated ownersh…

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