The Mobility Open Blockchain Initiative, formed in May by automakers, startups and OEMs, wants to find out how vehicles will be able to communicate and work together in “smart” cities.
So it is encouraging creating innovation technologies the old-fashioned way: by offering prizes, in this case blockchain tokens.
Ocean Protocol, a blockchain data exchange protocol, is offering $1 million worth of token prizes while Beyond Protocol, a distributed ledger technology company, has committed the equivalent of $250,000.
The four-month MOBI Grand Challenge kicks off on Oct. 12. The public demonstration of winning technologies will take place at BMW Group’s Munich headquarters next February.
The hackathon is the first phase of a three-year project to test such things as next-generation mobility networks, non-GPS location communication between vehicles and infrastructure, micro-payments, and ad hoc mobile networks. Read more here.