Honda and GM Push an Electric Vehicle Charging Network Standard Using Blockchain

• The Electric Vehicle Grid Integration (EVGI) Working Group of the Mobility Open Blockchain Initiative (MOBI) has developed and launched a global standard for the automotive industry integrating blockchain into a decentralized vehicle charging system.

• The statement clarified that the standard will initially focus on three main use case areas: peer-to-peer (P2P) applications, tokenized carbon credits (TCC), and vehicle to grid integration (V2G).

• MOBI COO and Founder Tram Vo said that electric vehicles, chargers, and electricity producers can have a “secure identity, communicate with a standard messaging format, and automatically record transactions” on the blockchain network through the EVGI Standard. 

• “Today’s energy markets are undergoing a massive transition from centralized power generation in big power plants, towards more distributed and volatile power generation. Decentralization and the concept of direct P2P interaction is set to become a key factor in leveraging this new market and building meaningful tools for energy-conscious and customers.” – said Senior Project Engineer at Honda R&D Europe, Christian Kobel.

• By utilizing the standard and its applications, MOBI hopes to improve road safety, lower carbon emissions, and reduce traffic congestion. 

• Officially launched in May 2018, MOBI operates as a consortium for blockchain innovations in the mobility industry. Founded by giant automotive names such as General Motors, Ford, BMW, and Renault, MOBI represents a substantial percentage of the global auto manufacturing volume.

• Blockchain companies participating in the MOBI initiative include Accenture, IBM Blockchain, the IOTA Foundation, R3, and more. 

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