Bengaluru: Charged up with the idea that electric vehicles (EVs) hold the future of energy and transportation, many countries such as India and those in the European Union are pulling out all the steps to strengthen the EV ecosystem with battery storage manufacturing plants, besides offering a host of financial and tax incentives.
While all these initiatives are steps in the right direction, many researchers believe the EV charging infrastructure could get a further boost if blockchain is integrated into energy systems.
A new study by researchers at the University of Waterloo, for instance, reveals that there is a lack of trust among charging service providers, property owners and owners of EVs. With an open blockchain platform, all parties will have access to the data and can see if it has been tampered with, researchers insist.
