The engineering and technology company Bosch is at the head of a forthcoming, blockchain-based digital mobility project with backing from the German government, which was demoed live at IAA Mobility 2023 in Munich, Germany.
At the event, Bosch, alongside collaborators such as Mobix and Peaq Netowork, revealed a peer-to-peer parking and charging scheme utilizing moveIDs on the Peaq ecosystem.
MoveIDs act as self-sovereign identities (SSIs) built on the blockchain, permitting autonomous transactions between vehicles and connected infrastructure. The demonstration at IAA Mobility highlighted autonomous transactions between connected devices: a smart car, charging station and signal for parking.
Cointelegraph was on the ground in Munich and spoke with Peter Busch, project lead for moveID and product owner for Distributed Ledger Technologies Mobility — an automotive connectivity thinktank of Bosch — along with Leonard Dorlöchter, co-founder of Peaq Network, to better understand how blockchain is helping push forward the future of mobility.
When asked why mobility was the right sector to begin implementing SSI on a large scale, Dorlöchter highlighted that “with mobility especially, there’s a lot of fragmentation.”
When it comes to mobility, the goal for users is to move from one point to another. This is done via public transport, micro-mobility scooters and car sharing or personal cars, which need parking spots and charging.
“There are many players involved and always requiring sign-ups with new accounts, new cards, etc. If this is happening on the blockchain, an open ecosystem, then everyone can have a seamless experience and also find the best services, best parking and charging spots.”
“The EU government is planning to demand that every person in the EU in the future has a decentralized ID.”
“What we are developing is accessible for anyone who can download it. It will be available to all the citizens and all the businesses who would like to use it,” he said.
All of this is part of a larger European Union-funded initiative called Gaia-X, which intends to create a federated, secure data infrastructure for European digital sovereignty and lay the foundations for future smart cities.
Therefore, Busch stressed the importance of “designing systems that people can use easily.“
“Any citizen in maybe like five to eight years will have this automatically and won’t have to think about it because, as you have your personal ID as a card in your wallet today, it will be digitally or electronically somewhere.”
“The Internet of Things (IoT) turns into the Economy of Things (EoT) because all of those things have some economic value and that’s the future. The future of AI automation will be economic activity, and machines will do what’s necessary to support society.”
Creating an IoT and EoT is similar to nation-building in the digital space. Dorlöchter concluded by saying that for any of this to happen, the systems need to be “open and decentralized.”
Most importantly, they need to have an interoperability component that makes it so “everyone can participate in the earnings.”