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MOBI Launches a Blockchain-based Standard to Reduce Carbon Emission

The Mobility Open Blockchain Initiative (MOBI)–a nonprofit working to slash carbon emissions in transportation by using blockchain and emerging technologies, together with Honda, General Motors PG&E, and others, on Oct 6, announced the first Electric Vehicle Grid Integration (EVGI) Standard.

Reducing Carbon Emission Using the Blockchain

The standard was thoroughly reviewed by verification experts before launch ensuring developers that implementation adheres to important standards to avert exploitation. 

Ultimately, MOBI hopes to see all application drawing data from the EVGI contribute towards low carbon emission, improve road safety, and help in energy conservation.

Based on the blockchain, the EVGI tackles pertinent issues around climate change and energy efficiency by rooting for a decentralized and electrified mobility future. 

Tram Vo, MOBI’s COO and Founder, notes:

“Implementing the EVGI Standard will provide a variety of benefits for players on all sides of the electric vehicle and charging ecosystem. Electric vehicles, chargers, and electricity producers can have a secure identity, communicate with a standard messaging format, and automatically record transactions such as charging, generation, and exchange on a distributed ledger.”

Building a Scalable and User-Centric Energy Community

It is the first of its kind in the automobile world, integrating blockchain into the decentralized vehicle charging system. 

Notably, EVGI is a group formed by leading automakers. It is a foundational step towards resolving problems around climate change as well as mobility.

The standard also comes in handy at a time when there is a sharp transition away to decentralizing power generation. Christian Köbel–a Senior Project Engineer at Honda R&D Europe, says the EVGI is “one of the first essential building blocks” for a scalable and user-centric energy community.

Specifically, the standard covers system design and data schemas required for three core use case areas in Vehicle to Grid Integration (V2G), Tokenized Carbon Credits (TCC), and Peer to Peer (P2P) applications. Requisite data for each of the above use cases should will be freely accessible by members of the MOBI consortium via the blockchain.

In Dec 2019, As reported of MOBI plans to launch a new digital mobility ecosystem that could make transportation safer, more affordable, and more widely accessible.

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