First IOTA electric vehicle charging station going live in Netherlands

Posted: 19 April 2018 6:05 pm
shutterstock electric car charger 450x250

One small step for IOTA, one giant leap for cryptocurrency.

Real world adoption has remained an elusive goal for many cryptocurrencies, and IOT solutions in particular are widely seen as future tech rather than present day platforms. IOTA has crossed a significant benchmark, with an IOTA electric vehicle charging station going live in the Netherlands.

The system was independently developed and built by Dutch smart charging provider ElaadNL.

"We see the potential of DLTs, and we thought: 'Could we integrate this into a charge station? Can we use this technology to create a better integrated system, as with smart grids, and get as much renewables into the system as possible?'" wrote Elaad developer Harm Van Der Brink.

"Electric vehicle charging is one of the many applications where IOTA as the base-protocol for the transactional settlement between machines is the obvious choice. The work done by the team at Enexis in creating the first ever IOTA-based EV charging station has been tremendous, and will pave the way for more adoption of IOTA in the mobility space," said IOTA co-founder Dominik Schiener.

"As cars are evolving into computers with wheels, and the era of electrical vehicles is ushered in, it is imperative that we have the infrastructure to support this new era of mobility. Enexis’ ElaadNL project paves the way for this by utilizing the IOTA protocol, this is exactly what we have in mind for the new 'Machine Economy'," agreed IOTA other-co-founder David Sønstebø.

The system they designed included a wallet system, and communications between the charging station and its customer.

It's still a preliminary design, and in the future, Elaad plans to add more secure machine-to-machine messaging, off-channel payment systems – kind of like the lightning network – which are essentially a secure, open tunnel for offline payments between systems, which can then be uploaded to the IOTA Tangle at a later date. This would allow systems to operate even without an Internet connection.

It also plans to develop a machine wallet for cars, to let the vehicle itself hold IOTA for use rather than requiring the user to be an IOTA holder. This would allow anyone to essentially pre-fund their electric car for a certain amount of electric charging in the future.

Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, BTC, NANO

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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