Ocean Protocol contributes $1 million to the MOBI Grand Challenge

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Bruce Pon, Founder of Ocean Protocol, a decentralized data exchange protocol to unlock data for AI today announced support for MOBI (Mobility Open Blockchain Initiative) contributing $1 million to the MOBI Grand Challenge.

MOBI recently-announced their first phase of the Grand Challenge, a four-month-long tournament to showcase potential uses of blockchain to coordinate vehicle movement and improve transportation in urban environments. MOBI is global consortium backed by forward-thinking vehicle manufacturers such as BMW, GM, Renault, and Ford; to use blockchain technology for safer, greener, and more accessible mobility.

With a $1 million commitment over the next 3 years, Ocean Protocol is a cornerstone partner to help make data and services available to solve challenges to coordinate vehicles, identify obstacles and route autonomous cars.

The Grand Challenge kicks off on October 12, 2018, and culminates with a public demonstration of selected technologies at an event hosted by the BMW Group, MOBI and Trusted IoT Alliance, in Munich, Germany on February 15, 2019.

The winners of this first phase will receive $100,000 in Ocean Tokens. A further $900,000 worth of Ocean tokens will be granted over the next 3 years in later phases of the Grand Challenge.

“We are proud to partner MOBI and sponsor the three-year series of challenges as we believe in an autonomous future. In order for autonomous vehicles to thrive, access is required to a vast and diverse ecosystem of data assets and services, much of which today is locked up in silos. Through blockchain technology, Ocean provides an infrastructure for data providers and related services to build on, enabling data to be shared and traded in a trusted, secure and transparent manner, while retaining privacy rights. Our mission is to unlock data, particularly for AI, and build a new data economy.”

Daryl Arnold, Ocean Protocol Co-Founder

The goals of MOBI, Trusted IoT Alliance and the automakers are aligned with those of Ocean Protocol. The Grand Challenge is a unique forum to bring the public, government, industry, and academia together, while unlocking data and services for problem solvers. Working together, accidents, congestion and environmental impact of mobility can be significantly reduced, while increasing the flow of goods and improving accessibility to everyone.

MOBI Grand Challenge (MGC)

The MGC is loosely modeled on the 2004 DARPA Grand Challenge, where robotic vehicles competed to autonomously navigate through the Mojave Desert. While the most successful vehicle traveled only 5% of the course, the 2004 event ignited worldwide interest in autonomous cars and launched billions of dollars capital investment. Just eighteen months later, when the event was repeated, five vehicles completed the full course and 22 of the 23 teams surpassed the best result of the previous year.

The MOBI Grand Challenge will be a virtual event that is open to teams from all over the globe. More information on the MOBI Grand Challenge can be found at mobihacks.devpost.com.

MOBI has selected The Blockchain Society (TBS) to assist with organizing the Grand Challenge. TBS works behind the scenes with innovative startups and projects to advance blockchain technology integration in the mainstream.

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