BMW demos recharging cars using EnergyWeb blockchain

BMW has partnered with Energy Web to apply a blockchain solution for recharging electric vehicles with renewable energy It also involved the Belgian and German electric grid operator Elia. The key benefit was sharing a vehicle’s decentralized identity with the grid operator.

What underpins the Energy Web offering is a decentralized identifier for the car, which is stored in the vehicle’s wallet. The car can securely share private data with the charging point, and with their permission, the grid operator.

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Source: ledgerinsights