DENSO, Honda, Mazda, and Nissan among MOBI
members who have completed Stage 1 of the Cross-Industry
Interoperable Minimum Viable Product, a three-year initiative
towards a decentralized Global Battery Passport built
for data privacy and selective disclosure
LOS
ANGELES, July 10, 2024 /PRNewswire/ -- MOBI, a
global nonprofit Web3 consortium, is thrilled to announce a
significant milestone in development of the Web3 Global Battery
Passport (GBP) Minimum Viable Product (MVP). In a historic first,
the MVP has successfully demonstrated battery identity/data
validation and exchange between nine organizations using
open-standards — MOBI Battery Birth Certificate and the World
Wide Web Consortium (W3C) Self-Sovereign Identity (SSI)
framework — an achievement that carries exciting implications for
stakeholders of the battery value chain and lays critical
groundwork for the Web3 Economy. Organizations worldwide are
invited to join and collaborate in this trailblazing
effort.
Participants of MOBI Circular Economy and the GBP Working Group,
constituting close to USD 1 Trillion
in annual revenue and representing diverse functions within the
global battery ecosystem, have successfully completed Stage 1 of
the three-year MVP and are set to begin Stage 2. Implementers of
the decentralized GBP include Anritsu, DENSO, HIOKI,
Honda, Mazda, Nissan, and TradeLog Inc.
As the world increasingly turns to batteries for sustainable
energy solutions, global battery value chains are making continuous
improvements to enhance operational efficiency, circularity, and
cross-border compliance. Forward-looking global policies like the
US Treasury's Section 30D Guidance on EV Tax Credits and the
EU Battery Regulation mandate digital recordkeeping to track
battery life cycles, underscoring the need for a global battery
passport — a digital credential containing key information about
the battery's composition, state of health, history, and more.
Creating a scalable GBP will require cross-industry
interoperability, such that entities across the value chain can
securely coordinate and selectively share relevant data without the
need to pay for costly one-off integrations or abandon their
existing systems. MOBI and its members believe Web3 can become a
key enabler for cross-industry interoperability at scale. SSI in
particular introduces a promising approach to unlocking powerful
synergies, enabling entities to securely control and share
credentials across different web applications and platforms without
the need for centralized intermediaries. To this end, MOBI and its
members are building a decentralized Web3 marketplace
ecosystem with standardized communication protocols for
Self-Sovereign Data and SSI, designed such that the federated
infrastructure and data therein are not controlled or managed by
one organization. While MOBI MVP initiative demonstrates a specific
use case for implementing the GBP, the benefits of MOBI Web3
implementation extend to almost any use case that involves
multiparty transactions.
In Stage 1 of the initiative, implementers demonstrated the
Integrated Trust Network (ITN) identity services of one-to-one
cross-validation for battery identity and data. The ITN serves as a
federated (member-built and operated) registry for W3C
Decentralized Identifiers, offering SSI management for
connected entities such as batteries and their value chain
participants. The ITN is the first enterprise network supporting
multiple blockchains at the same time. These features are unique to
the ITN, built for high resilience by ensuring the network's
functionality and sustainability do not rely on a single
organization or blockchain.
Stage 2 will demonstrate Citopia decentralized
marketplace services through creation of the cross-industry
interoperable, privacy-preserving GBP. ITN services are one-to-one
whereas Citopia services are one-to-many (and many-to-one). Through
Web3 implementation, the availability and selective disclosure of
trusted data and identities throughout the battery value chain will
beget digital services and applications such as enhanced battery
and carbon credits management, vehicle-to-grid communications and
transactions, risk-based insurance calculations, and data-driven
used electric vehicle pricing.
"Today's global battery value chain is complex and it's
difficult to simultaneously ensure efficiency, scalability, safety,
circularity, and regulatory compliance. To balance these
priorities, we need to enhance battery lifecycle management through
the creation of a shared ecosystem with SSI framework for secure
coordination and selective disclosure of sensitive data," said MOBI
CEO and Co-founder, Tram Vo. "Driving innovation at this scale
requires cross-industry collaboration. We invite public and private
organizations worldwide to join us in this critical pursuit."
"Web3 is an interesting technology which may facilitate a more
scalable approach to exchanging battery data in a peer-to-peer
fashion between organizations," said Christian Köbel, Senior
Engineer at Honda Motor Co., Ltd.
"It is confirmed how Web3-based self-sovereign data management
works throughout Stage 1 of the MVP," said Yusuke Zushi, Senior Manager at Nissan.
Said Mazda Motor Corporation, "Through participation in the GBP
Working Group, we not only acquired the technical knowledge of Web3
but also understood a vision of an ecosystem that realizes the
exchange of reliable information. We appreciate MOBI for giving us
this invaluable opportunity."
"The Stage 1 MVP experiment was instrumental in deepening our
understanding of a system that enables sovereign data management.
In the current era of data, the integrity and safety of information
flow are paramount. As an experienced manufacturer of measuring
instruments, HIOKI has always placed a premium on the reliability
and accuracy of data," said Kenneth Soh, Executive Officer at
HIOKI. "We believe that the insights gained from this MVP are vital
for the future progress of measurement instrument manufacturers and
the industries we serve, from the perspective of innovation and
societal contribution driven by mechanisms that offer both security
and precision in data distribution."
"The successful implementation of the Web3 GBP MVP is a
significant step towards a more transparent and sustainable battery
ecosystem. We are honored to contribute to the realization of the
GBP as participants in this important initiative," said
Hisashi Matsumoto, Senior Manager at
Anritsu.
"We, TradeLog, Inc., proudly support the
decentralized Global Battery Passport project, driven
by the efforts of MOBI and its dedicated Implementers," said
Alvin Ishiguro, Project Coordinator
at TradeLog, Inc. "Going forward, we will continue to deliver our
customers new experiences through blockchain technologies in the
energy sector."
About MOBI
MOBI is a global nonprofit Web3 consortium. We are creating
standards for trusted Self-Sovereign Data and Identities (e.g.
vehicles, people, businesses, things), verifiable credentials, and
cross-industry interoperability. Our goal is to make the digital
economy more efficient, equitable, decentralized, and
circular while preserving data privacy for users and providers
alike. For additional information about joining MOBI, please visit
www.dlt.mobi.
Media Contact:
Grace Pulliam
|
Email: grace@dlt.mobi
|
MOBI Communications
Manager
|
Twitter:
twitter.com/dltmobi
|
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SOURCE MOBI