The Mobility Open Blockchain Initiative (MOBI) recently announced it has launched an initiative to fight used car fraud with the support of blockchain technology. Primarily, this is about the recurring problem of reset odometers of used cars on the part of sellers, it said. This is done in order to drive up the price of the vehicle. In order to stop this kind of falsification, MOBI is now relying on blockchain technology and has thus launched a new vehicle information standard called “VDI II”. Participants in the initiative include Ford and BMW.