Blockchain startup DAV Foundation has joined the Mobility Open Blockchain Initiative (MOBI), a blockchain-focused initiative aimed at making transportation safer, more affordable, and more widely accessible.

Launched in May, MOBI’s founding members include the likes of BMW, Ford, General Motors, Groupe Renault, Accenture, Hyperledger, IBM, IOTA, ConsenSys and several others.

Founded in 2017, DAV Foundation is building a decentralised global network for autonomous vehicles. Earlier this week, it launched the DAV Network which is the first open-source system for transport operating on a global scale.

Under the partnership, DAV Network and MOBI will help unite and decentralise every element across both networks, including car and ride sharing, charging stations, autonomous payments, pay-as-you-use insurance and taxes. All these aspects will be governed by smart contracts that are secured on the blockchain.

"Our approach is open and inclusive and we welcome stakeholders from across the mobility value chain to help build our network. We want to inspire a rapid and scalable adoption of technologies by companies in the autonomous and mobility space and the partnership with the DAV Foundation will help drive this,” Chris Ballinger, CEO of MOBI, said.