Bosch, EU and blockchain companies to build decentralized IoT: IAA Mobility


18 Sep 2023 11:27 AM

Leonard Dorlöchter, co-founder of Peaq, said the future of smart cities, “wouldn't work and function if they were built on a Web2 platform as we know them today.” ...

  • Bosch, MOBIX, and Peaq blockchain collaborated on a blockchain-based digital mobility project.
  • The project showcased a peer-to-peer parking and charging scheme using moveIDs on the Peaq ecosystem.
  • MoveIDs act as self-sovereign identities (SSIs) on the blockchain, enabling autonomous transactions between vehicles and connected infrastructure.
  • The goal is to create a seamless experience for mobility users, eliminating the need for multiple sign-ups and accounts.
  • Decentralized identities on open blockchain networks are considered the most promising technology for data sovereignty.
  • The project aims to standardize technological integration with other automotive players and comply with data and privacy regulations.
  • It is part of the Gaia-X initiative, funded by the European Union, to create a secure data infrastructure for European digital sovereignty and smart cities.

The article highlights the positive impact of blockchain technology on the future of mobility, emphasizing data sovereignty, seamless user experience, and compliance with regulations. The sentiment is overall positive.

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You May Ask

What is the purpose of the blockchain-based digital mobility project?How do moveIDs function in the project?Why is the mobility sector suitable for implementing self-sovereign identities on a large scale?What is the Gaia-X initiative, and how does it relate to the project?What are the potential benefits of decentralized identities and open blockchain networks in the mobility sector?

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