XYO Network, MOBI to shape transportation of the future through blockchain standards

XYO Network, the people-powered location network that´s bringing blockchain to the real world, has joined the Mobility Open Blockchain Initiative (MOBI), a global consortium of brands and businesses dedicated to innovating the transportation industry through blockchain, the company said.

By partnering with MOBI, XYO Network joins BMW, ConsenSys, the World Economic Forum and other global brands to collectively make mobility of the future greener, safer and more accessible.

XYO Network uses crypto-location technology that not only protects privacy, it provides greater accuracy of where objects are both in relation to other objects, and where they are on the planet. Possible use-cases with MOBI could include driverless cars that use the XYO Network to “see” each other, or vehicles that use XYO data to navigate traffic at busy intersections.

XYO Network is a vast, geospatial, blockchain-powered location network that provides accurate, certainty-driven location data on everything from cars to smartphones. Using tracking devices created and sent out into the as well as by updating existing IoT devices and mobile phones, the XYO Network ecosystem delivers the authentic, verifiable and trusted coordinates and data needed to execute smart contracts, run smart cities, foster financial transactions, and power a legion of high-stakes, location-centric applications.

Headquartered in San Jose, Calif., the Mobility Open Blockchain Initiative (MOBI) was created to help the mobility industry apply secure, peer-to-peer blockchain technologies to improving people´s lives by making mobility more efficient and affordable, to reduce congestion and pollution, and to improve safety. Further information about MOBI and its member organization can be found at www.dlt.mobi.