The provider works with property owners to install EV supply equipment that is used by EV owners for a fee. 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 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 .