Auto giants Honda and General Motors (GM) have been conducting joint research on electric vehicle (EV) and smart grid interoperability using blockchain technology.

As reported by Cointelegraph, the two carmakers are investigating whether EVs can be used to stabilize the supply of energy in supply grids, with the aim of developing data retrieval methods between EVs and smart grids. This would in turn allow owners of EVs to earn fees from storing power in vehicle power cells and exchanging it with the grid.

Wider Implementation

Honda and GM are working within the Mobility Open Blockchain Initiative (MOBI), an international technology consortium which aims to streamline mobility services. The MOBI platform was founded in early May by more than 30 participants including IBM, Bosch, IOTA, and Hyperledger.

GM has been taking an increasingly active role in blockchain development, having previously filed a blockchain patent for a solution to manage data from autonomous vehicles. The aim was to provide secure and robust data distribution and interoperable exchange between automated vehicles and other entities, such as municipalities, regional authorities, and public facilities.

The application further emphasized that blockchain systems were “desirable” for both semi-autonomous and non-autonomous vehicles as well.

In February, the U.S. auto manufacturer also joined blockchain startup Spring Labs’ partner project to enhance data security.

Other Applications

Other leading carmakers embracing blockchain technology include Mercedes-Benz, which developed a platform facilitating the storage of documentation and contracts while increasing transparency and sustainability in complex supply chains.

The German auto brand, a division of Daimler AG, collaborated with U.S.-based software firm Icertis in the development of blockchain technology for use in supply chains.

Source: cointelegraph.com

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