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4 years ago

Honda and GM Push an Electric Vehicle Charging Network Standard Using Blockchain

Jordan Lyanchev Oct 8, 2020 20:00
MOBI's Electric Vehicle Grid Integration Working Group, chaired by Honda and General Motors (GM), has launched a global standard enabling the creation of decentralized electric vehicle charging networks through 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. 
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Jordan Lyanchev

Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

Tags: BlockchainBlockchain Adoption

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