Electric Vehicle Charging & utility to utility integration through Blockchain
- Sep 12, 2019 5:56 pm GMT
- 348 views
A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.
Using blockchain, we can transact energy in a decentralized manner i.e using a network of authorized nodes to validate transactions in a much faster, cheaper & secure manner than centralized system.
To make polution free environment , electric vehicle will play very important role. Most of the advanced country already started building charging infrastructure. So, important point how bill will be generated for charging a car & how blockchain will play a key role on this ?
So, once car is charged at home utility (HU), it record the amount (x) of energy consumed & submitted. Home utility have permissioned blockchain which record the transaction & home utility permisioned blockchain validate the transaction with a proof of authority (PoA). Once it is validated, HU blockchain calculate the bill for charging the car.
Now for roaming scenario like car is charged in a visitor utility (VU) & consumed energy for charging a car & that record submitted to visitor utility permissioned blockchain. Visitor utility permisoned blockchain record the transaction of consumed energy for charging a car & validate the transaction based on own proof of authority (PoA). So, visistor (VU) discover the customer is roaming. VU submit the transaction to public utility blockchain. Public utility blockchain does the settlement between home utility (HU) & visitor utility (VU). Finally home utility does the integrated customer billing & settlement.