Initiative envisions blockchain’s role in electric-vehicle charging infrastructure

The Mobility Open Blockchain Initiative (MOBI) has launched a global standard for blockchain-based electric vehicle grid integration.

This standard that lays out a range of new technical design specifications relating to vehicle-t- grid Integration (V2G), tokenized carbon credits (TCC) and peer-to-peer (P2P) applications. It was created by its working group made up of Honda and General Motors with support from Accenture, CPChain, IBM, the IOTA Foundation, Pacific Gas & Electric Company (PG&E), Politecnico di Torino, and R3.

The new standard is described as the automotive industry’s first global standard incorporating blockchain technology into a decentralized vehicle charging system. According to Tram Vo, founder and COO at MOBI: “The standard is a critical step towards the creation of a more sustainable and smarter energy future.”

“We’re seeing a strong uptick in the adoption and use of EVs to combat the effects of climate change,” she says. “Our EVGI standard outlines a two-way V2G and P2P communication system for the vehicle, charging system, and electric infrastructure to utilize the battery to reduce the load.  Blockchain allows privacy-preserving and secure sharing of data to optimize resources, balance supply and demand and pave the way to a carbon-neutral future.”

Silo thinking

A key feature of the standard is that it does not prescribe the use of any particular blockchain application or distributed ledger technology (DLT).  Instead, it seeks to ensure that pertinent data attributes and functionalities of each use case are available for organizations to utilize in creating their own applications.

To read the complete article, visit TU-Automotive.