Blockchain Networks Enable Charging Incentive Programs for Utilities
- Sep 20, 2019 10:41 pm GMT
This item is part of the Special Issue - 2019-09 - Blockchain in Utilities, click here for more
Electric vehicle (EV) charging is emerging as one of the most interesting applications of blockchain technology as utilities seek solutions to align customer charging behavior with their operational needs. The EV charging process comprises several entities, including the utility, charging network provider, charging equipment manufacturer, vehicle manufacturer, and the end customer. Each plays a distinct role in impacting the cost and value of a charging event. To effectively influence customer charging behavior, the utility will need to acquire EV and electric vehicle supply equipment (EVSE) data and communicate with the customer, which requires utility-metering of the EV charger or collaboration with third-party vendors who hold the data. The application of blockchain technology and smart contracts can help facilitate the dynamic energy transactions involved in such a complex, trust-based environment between the utility, third-party vendors, and EV owners.
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