Researchers from the University of Waterloo have developed a blockchain-powered solution for EV charging. The distributed ledger technology (DLT) facilitates the identification of the parties involved in the use of charging equipment, introduces smart contracts for transactions, and allows the whole system to be scaled up. This allows the business model to eventually grow from a legacy/blockchain hybrid into a truly decentralized solution. " In their paper, published on Monday, researchers describe how they created an autonomous vehicle that can charge its battery while it is being driven by another vehicle. The transparency of the system is critical in an industry occupied by organisations and people that may not have established relationships, offering trust without resorting to a centralised infrastructure.
Researchers from the University of Waterloo have developed a blockchain-powered solution for EV charging. The distributed ledger technology (DLT) facilitates the identification of the parties involved in the use of charging equipment, introduces smart contracts for transactions, and allows the whole system to be scaled up. In their paper, published on Monday, researchers describe how they created an autonomous vehicle that can charge its battery while it is being driven by another vehicle. The transparency of the system is critical in an industry occupied by organisations and people that may not have established relationships, offering trust without resorting to a centralised infrastructure.