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 costs involved in the use of charging equipment , provides smart contracts for transactions , and allows the whole system to be scaled up . With blockchain backing , EV owners can trust that they are not being overcharged and property owners trust that they are not being underpaid . The transparency of the system is critical in an industry occupied by organisations and people that may not have established themselves , offering services 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. With blockchain backing, EV owners can trust that they are not being overcharged and property owners know that they are not being underpaid. 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.