Honda, GM, Accenture, IBM, PG&E released the first blockchain-based electric vehicle grid integration standard
The first blockchain-based EVGI standard to meet energy and climate challenges by achieving a decentralized, electrified mobile future
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Los Angeles, October 6, 2020, New York State / Newswire /-The Electric Vehicle Grid Integration (EVGI) working group led by members of the Mobile Open Blockchain Initiative (MOBI) created and launched the first automotive industry Blockchain technology is incorporated into the decentralized global standard vehicle charging system.
The EVGI working group released the first technical design specification, which covers the system design and data solutions required in three core use case areas vehicle-to-grid integration (V2G), tokenized carbon credit (TCC) and peer-to-peer (P2P) )application. Although MOBI’s EVGI standard does not specify any specific applications or underlying distributed ledger technology (DLT), it ensures that organizations can use the relevant data attributes and functions of each use case for organizations to create their own applications.
Tram Vo, MOBI’s COO and founder, said “Implementing the EVGI standard will bring various benefits to participants in all aspects of the electric vehicle and charging ecosystem. “Electric vehicles, chargers and power producers can have a safe Identity, can use standard message format for communication, and can automatically record transactions on the distributed ledger, such as charging, power generation and exchange. “
The EVGI standard was created by a group of global automotive industry leaders, start-ups and large technology companies, and is a fundamental step to address some of the most pressing climate and transportation challenges. MOBI’s EVGI working group is chaired by Honda and General Motors (GM), Accenture, CPChain, IBM, IOTA Foundation, Pacific Gas and Electric Company (PG&E), etc.
“Today’s energy market is undergoing a shift from the centralized power generation of large power plants to more decentralized and unstable power generation. The concept of decentralization and direct P2P interaction will become a key factor in leveraging this new market and building meaningful tools. For energy-saving-conscious end customers, the goal is to build a scalable, user-centric energy community. The EVGI standard represents one of the first important building blocks to establish such an ecosystem,” Honda R&D Europe Advanced Project engineer Christian Köbel said.
MOBI’s EVGI standard provides a set of core network data services that will provide EV owners, charging infrastructure and grid operators by achieving secure, decentralized communication and unchanging record keeping between data generation peers Provide considerable value. This supports data transparency, trust, coordination and automation among mobile service providers, consumers, utilities, and government stakeholders.
“Bringing together organizations from all sectors of the transportation industry to adapt to the future of electric vehicles and their interaction with the grid seems to be a great feat. The work of the MOBI and EVGI working groups is a promising step, laying the groundwork for Mathew Yarger, head of the mobility and automotive department of the IOTA Foundation, said “This lays a solid foundation for the unity of intersecting industries and lays a foundation for accelerating the future development of sustainable mobility and energy.
In addition to the working group, formal verification experts also comprehensively reviewed the EVGI standard to ensure that developers comply with cybersecurity best practices. MOBI hopes that the applications supported by the standard will ultimately help reduce carbon emissions, improve road safety, reduce traffic congestion, and support a series of other social and environmental benefits.