Aucnet joins the “MOBI” global mobility blockchain standardization consortium

TOKYO, January 21, 2022 /PRNewswire/ — Aucnet Inc. (hereafter “Aucnet”), based in Tokyo, Japan, announced its membership of the Mobility Open Blockchain Initiative (hereinafter “MOBI”) headquartered in Los Angeles in the US state of California, a global non-profit consortium developing blockchain-based technologies and standards for next-generation mobility. Through its participation in MOBI, Aucnet seeks to contribute to a sustainable society by developing circular distribution platforms for electric vehicles (EVs) and their batteries.

Aucnet launched the world’s first real-time virtual used car auction in 1985. Based on its philosophy of “shaping the future of commerce”, Aucnet has expanded beyond used cars. opportunity to create circular distribution platforms for a wide variety of industries, including digital goods, motorcycles, luxury branded items, flowers and medical equipment. To enable peace of mind remote transactions, Aucnet has developed industry leading de facto standard inspection and grading systems for each of its product lines. In the automotive sector, Aucnet inspects and evaluates more than one million used cars per year through its subsidiary AIS Inc., which was created with investments from Toyota, Honda, Nissan, Mazda and Subaru.

Founded in 2018, MOBI is a non-profit global alliance of more than 100 companies and organizations, including the world’s largest automakers, as well as startups, NGOs, transit agencies, insurers, suppliers toll highways, smart city leaders and technology companies. MOBI’s mission is to create standards and build the digital infrastructure for connected vehicles and IoT commerce to accelerate blockchain/DLT adoption and make transportation more efficient, fair, decentralized, and sustainable.

The year 2021 has seen an unprecedented shift towards electric vehicles in the new vehicle market, with many automakers and governments committing to increasing the adoption of electric vehicles. This trend is expected to continue in the coming years and spill over into the used vehicle market in the near future. MOBI offers Aucnet the opportunity to collaborate with leading organizations around the world to be at the forefront of the development of inspection technologies and circular distribution platforms for electric vehicles and their batteries. Aucnet’s systems will facilitate seamless transactions of used electric vehicles and enable the efficient reuse of lithium-ion batteries, contributing to the achievement of the UN-led Sustainable Development Goals (SDGs).

– MOBI presentation
Name of organization: Mobility Open Blockchain Initiative
Established: May 2, 2018
Headquarter: Los Angeles, California, UNITED STATES
Representatives: Chris Ballinger, Tram Vo
URL: https://dlt.mobi/

– None profile
Company name: Aucnet inc.
Headquarters: 2-5-8 Kita-Aoyama, Minato-ku, Tokyo 107-8349, Japan
Representatives: Kiyotaka Fujisaki, President and CEO; Shinichiro Fujisaki, President and Chief Operating Officer
Established: June 29, 1985
Capital city: 1,765 million yen (from December 31, 2020)
Consolidated sales: 24,078 million yen (exercise ending December 2020)
Number of consolidated employees: 821 (at December 31, 2020)
Business Overview: Information-based distribution support service businesses, such as hosting and operating internet auctions
Stock Information: Tokyo Stock Exchange First Section (Securities Code: 3964)

URL: https://www.aucnet.co.jp/
SDG Policy: https://www.aucnet.co.jp/SDGs/en/

SOURCE Aucnet Inc.

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