Key takeaways:
- Minima becomes 1 of 11 global startups invited to work with Mobilityxlabs to create innovative mobility solutions
- Mobilityxlabs, a collaborative platform formed by seven automotive industry leaders, works with several global partners to create innovative solutions for the changing industry
- Starting from August, Minima will create vehicle-2-vehicle solutions with advanced features, including loyalty programs.
- Minima’s communication solutions are expected to be cost-effective and efficient to meet the rising needs of the changing car/mobility industry
Decentralized blockchain protocol, Minima, has announced that it has been selected as part of Mobilityxlab’s collaborative program. Minima is 1 of 11 global start-ups selected to create innovative mobility solutions with industry leaders in vehicle and mobile communication through MobilityXlab.
Mobilityxlab’s Mission to Improve the Automotive Industry
The Mobilityxlab team is drawn from the industry partners, and its representatives are involved in every aspect of the process, including screening new applicants and leading the collaboration program.
MobilityXlab is a collaboration hub that was founded in 2017 by global companies to create and champion new innovations within the mobility industry. The companies collaborate with each other and with startups. As of the moment, it boasts seven founding partners: CEVT, Ericsson, Polestar, Veoneer, Volvo Cars, Volvo Group & Zenseact.
Mobilityxlab is strictly committed to high standards and chooses its partners carefully. To be invited into the partnership program, a startup must be nominated by, at least, two of its industry insiders. This is necessary to reinforce knowledge sharing and improve the outcomes for Proof-Of-Concept (PoC) and validation of projects.
Minima as an Integral Part of the Program
Minima is a decentralized blockchain and peer-to-peer network designed to be accessible to as many people as possible by making it compact enough to run on mobile and IoT devices. It is complete, quantum resistant, and secured by every single one of its users.
Minima will start contributing to the collaborative program in August 2022. It will kickstart the Vehicle-2-Vehicle communication solution by demonstrating a decentralized network of connected cars/devices. These connected cars will individually benefit from the security of the Layer1 solution, distributed across all participating nodes. Minima’s communication solutions will ensure rapid and cost-effective vehicle-to-vehicle solutions, meeting the rising needs of the fast-changing car/mobility industry.
The solution from Minima will guarantee data security for connected cars while allowing them to be autonomous economic units. As a Peer-to-Peer network of connected nodes, it will support chat and communication features to allow users to share messages and information. The network will pave way for rewards and loyalty programs.
The Journey So Far
Although Mobilityxlab is a relatively new company, it has attracted at least 80 startups. Within six months of its launch, the program sealed 12 commercial contracts/partnerships. Surely, it can only get better from here.
Speaking about the exploits and vision of the company, Mobilityxlab director, Katrina Bud, said:
“To keep up with the rapid pace of innovation and technology development, companies can’t rely on doing it on their own anymore. Our role is to foster access to a productive collaboration network for all parties involved.
Considering that the car/mobility industry is drifting away from the era of people owning their own cars to a renting economy, there is a need to provide solutions that boost value. People need to derive maximum value from such aspects of the industry as car rental, ride-sharing, and car charging.
Minima is not just providing Vehicle-2-Vehicle communication. Its technology will meet the rising need for immutable and censorship-resistant transfer of mission-critical data. It will also ensure rapid and cost-effective Vehicle-to-Vehicle communication.
Speaking about the new partnership, Minima’s CEO, Hugo Feiler, said:
“We’re thrilled to be part of the mobilityxlab program and can’t wait to demonstrate the benefits of a truly decentralized network for mobility more broadly, and vehicle-to-vehicle communication in particular. When each car is a fully sovereign, functional node on the network, communication between them becomes more secure and resilient which we believe to be crucial for any future that involves autonomous vehicles.”
