CPChain Announces Partnership with Mobility Open Blockchain Initiative (MOBI) to Further Blockchain Implementation in Automotive Industry

SHANGHAI, July 24, 2018 /PRNewswire/ -- Cyber Physical Chain (CPChain), the full-scale decentralized data infrastructure for the next generation of IoT systems, announced today that it has partnered with Mobility Open Blockchain Initiative (MOBI), a nonprofit organization that works with forward thinking companies like BMW, Ford and General Motors, to improve the auto industry by promoting standards and accelerating adoption of blockchain and related technologies. In conjunction with the partnership announcement, CPChain has announced that it is now listed on KuCoin, an international blockchain assets exchange.

"With the recent advancements in connected and autonomous vehicles, there is a clear need for technology that can ensure the various technologies can safely and efficiently interact with another," said Dr. Long Chengnian, CEO of CPChain. "This is where blockchain and its immutable records have proven to be a viable solutions. We're thrilled to partner with MOBI to help create and accelerate adoption of blockchain in the automotive industry. We're also thrilled to announce that CPChain is now listed on KuCoin, the fifth exchange on which we are listed."

MOBI, which was formed in May of this year, is actively working with companies accounting for over 70 percent of global vehicle production in terms of market share. MOBI and partners, including, BMW, Bosch, Ford, General Motors, Groupe Renault, ZF, Aioi Nissay Dowa Insurance Services USA and others seek to foster an ecosystem where businesses and consumers have security and sovereignty over their driving data. Through an open-source approach to blockchain software tools and standards, the MOBI consortium hopes to stimulate more rapid and scalable adoption of the technology by other companies developing autonomous vehicle and mobility services.

CPChain, which is also listed on BiBox, ForkDElta, TIDEX and IDEX, recently debuted PDash, a Parallel Distributed Architecture for Data Storage and Sharing. The solution serves to improve efficiency, security, privacy and cost associated with the current Internet of Things (IoT) infrastructure. At its core, the platform incentivizes users to share information and assure the quality of data listed in the marketplace without the need to enlist costly, third-party support from data miners, which is in line with MOBI's mission.

CPChain has made strides within the industry, closing $30 million via a private sale in less than 48 hours and garnering attention and support from investments and partners such as the Trusted IOT Alliance (TIOTA), Qtum, Metaverse, High Performance Blockchain (HPB) and VeChain. Fully backed by an international team with experience in IoT, finance, security and commercial operations, CPChain is led by Dr. Long Chengnian, Founder and CEO of CPChain and Dr. Zhao Bin, Co-Founder, who has secured three patents on IoT inventions.

For more information, visit: https://cpchain.io/ or join their community: https://t.me/CPChain.

About CPChain

Cyber Physical Chain (CPChain) is a China-based distributed infrastructure platform for the next generation of the Internet of Things (IoT). CPChain's goal is to integrate blockchain and encryption via cloud storage to enable IoT devices to interact with different data sets over cross-chain applications. It can reduce the cost of system interconnection, increase the value of data sharing, and improve end-user privacy and system security. CPChain focuses on the scalability, security and real-time issues that blockchain faces in the IoT industry. For more information, visit: https://cpchain.io/

About MOBI

MOBI is a newly created nonprofit foundation formed to accelerate adoption and to promote standards in blockchain, distributed ledgers, and related technologies for the benefit of the mobility industry, consumers, and communities. MOBI and our partners are creating simple, standard and digital ways of identifying cars, people, and trips, of paying for mobility services, and securely exchanging and monetizing data in ways that preserve property rights and privacy.

SOURCE Cyber Physical Chain (CPChain)

Related Links

https://cpchain.io