Applications and Use Cases

MOBI and NADA Collab to Develop Solutions for Connected Ecosystems

January 27, 2023

The New Economy of Movement is a term used by the Mobility Open Blockchain Initiative when referring to the convergence of multiple maturing technologies that permit any connected entity to communicate and autonomously participate as an independent economic agent in decentralized transactions.

With this multi-trillion-dollar pay-per-use ecosystem, MOBI aims to develop and accelerate the adoption of zero trust Web3 standards and solutions to enable seamless and secure business processes, while safeguarding sensitive business and consumer data.

To ensure the process goes smoothly, MOBI brought in an innovation and advocacy group that represents new-car dealer members into its global community – National Automobile Dealers Association.

The two mobility-focused consortia join efforts to co-develop solutions for more robust, resilient and privacy-preserving connected ecosystems. MOBI says it brought in NADA because of its critical dealer viewpoint that it offers to the development and adoption process.

MOBI and NADA agree that adoption of a shared technology-agnostic framework is critical to future innovations. They also believe that compliance with the Federal Zero Trust Strategy issued by the White House in 2022 is crucial to maintain their competitive edge.

NADA's entry plays a vital role in igniting a two-way exchange of expertise between the organizations' respective communities, enabling greater collaboration on the road to more resilient mobility value chains and accelerating related innovations in research, development and implementation.

"We are thrilled to team up with NADA to co-develop solutions to help solve pain points for use cases such as vehicle registration, titling and dealer floor plan audit," said MOBI CEO and Founder, Tram Vo.

NADA President and CEO Mike Stanton agrees with Vo and says that the two want to ensure technology modernizes the auto retail experience to bring more convenience for dealers and consumers.

MOBI welcomes all organizations to join to share expertise, define industry standards and improve the sustainability, efficiency and accessibility of mobility services worldwide.

Edited by Alex Passett

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