Researchers at the University of Waterloo in Canada have used blockchain technology to improve trust in electric vehicle (EV) charging systems, reported academic publication portal EurekAlert on Aug. 14. This development could increase uptake and expand the overall charging infrastructure for electric vehicles.
New ventures have no established trust relationships
In general, an EV charging service provider will look for property owners to partner with and install charging points. Owners of electric vehicles can then use these for a fee, which is shared between the equipment supplier and the property owner.
The supplier runs the equipment, so the property owner must trust it to compensate fairly for electricity used. Equally, the EV owner must trust that they are not being overcharged for the service.
This is exacerbated by the fact that it is a very youong industry, with no established structure of trust. An open blockchain platform will let all parties access the data to see if it has been tampered with. Read More at CoinTelegraph...