· ZF joins the Mobile Open Blockchain Alliance

ZF has joined the recently established Mobile Open Blockchain Alliance (MOBI) as a founding member. MOBI is a leading organization of alliances dedicated to building a unified blockchain network in the automotive and technology industries. By joining this alliance, ZF and other members will work together on safe and decentralized blockchain technology to make transportation safer, more efficient and more affordable.

In order to prevent hackers from invading and acquiring sensitive data in transit, the software of vehicles and infrastructure must be better protected against data attacks in the future. Blockchain technology – data encryption, data tampering and decentralized transactions create a safer environment for future applications in the transportation sector.

So far, blockchain technology has not yet formed a unified standard. Therefore, ZF joined the MOBI with other mainstream institutions. The alliance's goal is to develop standards for the compatibility of blockchain applications and to create an open and innovatively driven market that can cover all digital services in the mobile space.

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ZF: Pioneer in the automotive industry blockchain application

ZF is one of the first automotive suppliers to participate in the development of mobile applications based on blockchain technology. The Group's Car eWallet allows vehicles to interact with other machines that provide related technical services. It also allows vehicles to conduct small-scale financial transactions on their own, covering areas such as parking fees, highway tolls, road and bridge fees or electric Payment of car charging fee. With the advent of highly automated cars and even autonomous vehicles, this application will play a bigger role.

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“As a leading global automotive technology company, ZF is constantly striving to drive the growth of transportation and make it more efficient and convenient,” said Arwed Niestroj, vice president of global innovation and digital transformation at ZF. “In joining the mobile open area After the blockchain alliance, we can develop safe and efficient solutions for future automated transportation based on customer needs."

A standardized blockchain network enables direct communication between automotive, infrastructure and service providers. Traffic participants can also trade locally and directly with the tax and transportation authorities through cloud services without having to go through a central clearing house. This will eliminate the complexity and dependency of connecting multiple related organizations under normal circumstances, as each service provider places different demands on the software architecture. The storage, transmission and evaluation of driving data and diagnostic data is also simplified thanks to the use of uniform standards. This application will become even more important as the industry moves toward higher levels of automated driving and sharing services. At the same time, blockchain technology can also prevent cyber fraud, manipulation or cyber attacks.

By collaborating and jointly developing standards for blockchains in the transportation sector, the automotive industry can accelerate the establishment of a high-quality, secure and compatible digital services market. Over time, the alliance will not only address the needs of the private vehicle and motorcycle sectors. This unified blockchain standard will also support public transport and emerging vehicle sharing services to help alleviate traffic congestion and reduce environmental pollution.