Blockchain To Be Used In A Clean Tech Project

Blockchain To Be Used In A Clean Tech Project

Oxygen Initiative, a provider of electronic vehicle charging structure, has collaborated with German energy company innogy SE to launch blockchain-bas

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Oxygen Initiative, a provider of electronic vehicle charging structure, has collaborated with German energy company innogy SE to launch blockchain-based electronic wallets for drivers of electronic vehicles.

The electronic wallet named Share&Charge may be used at charging stations in the United States. Other uses such as mobility services are to be tested.

“We’re excited to do our part by introducing blockchain technology for the mobility space to the United States, starting with access and payment solutions for electric charging stations.”, said Stephen G. Davis, founder and CEO, in an interview with cryptocoinnews.com.

E-mobility technologies can foster the adaptation of clean-tech autonomous vehicles (AVs) and electric vehicles (EVs). In turn, this may reduce congestion and pollution, while providing shorter commutes and lower operating costs, explained Davis.

Self-sustainable cars

The so-called autonomous vehicles can pay for themselves and perform simple transactions automatically. Moreover, such a car could presumably turn into taxi while the owner is at work and return when he is ready to go back home. These cars could possibly collect fares from riders and pay to charge itself for the commute home.

Blockchain-based technology can allow EV drivers to use easy-to-use payment options like peer-to-peer roaming and sharing charging stations.

As Davis commented, a vehicle could sell back excess energy during peak pricing events instead of paying with cash or credit cards.

Personal mobility will be autonomous, connected, electric and shared and this may be facilitated by the Blockchain technology, stated Thomas Birr, senior vice president, innovation and business transformation at innogy SE.

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