The Fuse, an energy news and analysis site, recently published an article explaining how blockchain technology is used in the energy sector. Peer-to-peer networks have established marketplaces to connect EV drivers so they can share charging stations with each other.
“eMotorWerks, a California-based firm that focuses on EV charging technologies, was the first company in the United States to establish a peer-to-peer network in its partnership with Share&Charge.“
Residential and commercial EV owners can earn money by allowing other EV drivers to access their charging stations, and drivers have the flexibility to charge their vehicles at different locations. At the end of the day that may result in increasing adoption of electric cars and the reduction of range anxiety. Blockchain technology facilitates other positive developments for the electric vehicle market, including adoption of smart grid technology, larger participation of of different industry players in the charging and utility spaces.
Read more in this article.