MOBI and Gaia-X 4 moveID Web3 Interoperability Initiative [Yahoo! Finance]
DENSO CORP UNSP/ADR (DNZOY)
NASDAQ:AMEX Investor Relations:
denso.com/global/en/investors
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Source: Yahoo! Finance
LOS ANGELES April 22, 2024 /PRNewswire/ -- MOBI and Gaia-X 4 moveID proudly announce a joint initiative aimed to advance cross-industry interoperability. The initiative focuses on the joint implementation of two pioneering MOBI standards — MOBI Vehicle Identity (VID) and MOBI Battery Birth Certificate (BBC). More specifically, the initiative centers around linking physical objects — e.g., vehicles and their parts such as batteries — to Web3 digital identities and credentials. The goal is to demonstrate technical interoperability using W orld Wide Web Consortium (W3C) open-standards to establish a secure Self-Sovereign Data and Identities framework. The collaboration builds upon W3C Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs) to manage identities of vehicles and vehicle parts along with their credentials for transactions and claims, foundational for a circular economy. Gaia-X 4 moveID is set to fundamentally reshape the landscape of mobility and vehicle service
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