Electric Vehicle Charging Standard Pushed With Blockchain
Honda and GM Push an Electric Vehicle Charging Network Standard Using Blockchain.
The Electric Vehicle Grid Integration (EVGI) Working Group of the Mobility Open Blockchain Initiative (MOBI) has developed and launched a global standard for the automotive industry integrating blockchain into a decentralized vehicle charging system.
The statement clarified that the standard will initially focus on three main use case areas: peer-to-peer (P2P) applications, tokenized carbon credits (TCC), and vehicle to grid integration (V2G).
MOBI COO and Founder Tram Vo said that electric vehicles, chargers, and electricity producers can have a “secure identity, communicate with a standard messaging format, and automatically record transactions” on the blockchain network through the EVGI Standard.
“Today’s energy markets are undergoing a massive transition from centralized power generation in big power plants, towards more distributed and volatile power generation. Decentralization and the concept of direct P2P interaction is set to become a key factor in leveraging this new market and building meaningful tools for energy-conscious and customers.” – said Senior Project Engineer at Honda R&D Europe, Christian Kobel.
By utilizing the standard and its applications, MOBI hopes to improve road safety, lower carbon emissions, and reduce traffic congestion.
Officially launched in May 2018, MOBI operates as a consortium for blockchain innovations in the mobility industry. Founded by giant automotive names such as General Motors, Ford, BMW, and Renault, MOBI represents a substantial percentage of the global auto manufacturing volume.
Blockchain companies participating in the MOBI initiative include Accenture, IBM Blockchain, the IOTA Foundation, R3, and more.