Canadian University: Blockchain Can Solve EV Charging Trust Problem
Jack Martin's original article for cointelegraph.com reduced by 76%
Researchers at the University of Waterloo in Canada have used blockchain technology to improve trust in electric vehicle charging systems, reported academic publication portal EurekAlert on Aug. 14. In general, an EV charging service provider will look for property owners to partner with and install charging points.
The supplier runs the equipment, so the property owner must trust it to compensate fairly for electricity used. Equally, the EV owner must trust that they are not being overcharged for the service. The researchers established three steps to incorporating blockchain into the system to reduce the reliance on trust.
Second is to design a minimal blockchain solution to mitigate these trust issues. "Mitigating trust issues in EV charging could result in people who have charging stations and even those who just have an outdoor outlet being much more willing to team up with an EV charging service provider resulting in much better coverage of charging stations..
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