The Tezos Foundation is pleased to announce that it will support Chorus Mobility, a research and development company working on blockchain solutions for the future of transportation. The co-operation will enable Chorus Mobility to support Tezos smart contracts as payments for autonomous vehicles and drones.
Chorus Mobility’s core focus is blockchain based peer-to-peer payment protocols and decentralized applications for connected vehicles. Applications of this technology could, for example, include human to vehicle connections such as decentralized autonomous taxi hailing, vehicle to vehicle connections to combat congestion and improve traffic efficiency, and vehicle to infrastructure networks to create decentralized and instant V2X (vehicle to anything) payments, such as paying per second when using a paid priority lane.
“Tezos is one of the most advanced public blockchains to date,” said William Vorobev, Founder and CEO of Chorus Mobility. “It is built with security in mind, and with the support of Formal Verification, which is a critical requirement for software development in the Automotive Industry. We are thrilled to have the support of the Tezos Foundation, which will allow us to build more secure smart contracts for human-to-machine interaction.”
Recently Chorus Mobility came in first place at the BMW-hosted tech blockchain competition, MOBI Grand Challenge, for its project involving road space and right of way payments for autonomous vehicles to reduce congestion. The Tezos Foundation is also a member of MOBI, the nonprofit smart mobility consortium, which is focused on using blockchain and related technologies to make mobility safer, greener, cheaper and more accessible.
By funding projects like Chorus Mobility and other decentralized developers and collaborating with groups like MOBI, we are helping to further the adoption of blockchain technology into automotive projects.