As more and more electric vehicles drive on global roadways, key stakeholders in the EVGI space (OEMs, utilities, charging equipment providers, etc.) are transacting with each other and grappling with increasing quantities of data as part of these transactions. Charging session events can generate data that capture a rich variety of information – amount of electricity charged, duration of charge, location, trouble codes in case of equipment failure, and much more. In order to produce the best insights and accomplish business needs, these players need to be able to access data from each other’s siloes. These stakeholders can certainly capture value from their own data by extracting pertinent insights, but there is much more opportunity left untapped. Blockchain provides de ability to all parties involved to share, transact and build interconnected solutions to have a holistic view of the system and create new market opportunities.
With the demands put on outdated electric grids due to ever growing energy consumption, energy providers are increasingly having issues with balancing production and delivery on the grid to where it is needed in real time. Rolling blackouts and other disruptions are now relatively
common, and these are only expected to get worse without significant investment in expensive infrastructure modernization and improvement. Furthermore, the growth of electric vehicles presents an increasing load on the grid. Electric vehicles with bi-directional charging capabilities will be able to receive energy from, and feed it back to the grid wherever capacity is needed and hence become an important asset for utilities to stabilize the grid. Blockchain will provide the framework to automatize such business and system logics
Tokenization of carbon credits has received increasing attention from the mobility industry as a way to introduce efficiencies and new ways in managing carbon credits. Carbon credits are certificates or permits that represent the right to emit fixed volumes, typically one metric ton, of CO2e (carbon dioxide equivalent). The carbon credits are typically able to be transacted in carbon markets, which can take various forms. Low Carbon Fuel Standard (LCFS) programs utilize market-based incentives to encourage
reductions in the carbon intensity of transportation fuels. In the short term, the framework provided by blockchain can be used to create blockchain based applications which can help with the credit generation and auditing portions of the LCFS process.
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