BMW, Ford, Honda to Co-work on Blockchain-powered Car Damage History Platform

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Carmaking giants BMW, Ford and Honda have teamed up with auto insurance providers and tech heavyweights such as IBM and Accenture to work on an international, cross-industry, blockchain-powered vehicle history platform.

Per a press release, the firms have teamed up to work on the Mobility Open Blockchain Initiative (MOBI)’s new Vehicle Identity (VID) II Working Group, which will focus on vehicle registration and maintenance traceability, helping owners and dealers access tamper-proof data on vehicles, such as damage history and mileage.

The working group will be chaired by BMW and Ford, and also comprises Amazon Web Services, the AutoData Group, Bosch, Car IQ, DENSO, DMXHitachi’s USA subsidiary, Kar Auction Services, Luxoft, Quantstamp, Ownum and the United Services Automobile Association.

The firms wrote,

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