Oxygen Initiative, a technology provider of energy-charging infrastructure for electric vehicles, announced its partnership with the German company Innogy SE for the whole year 2017 to launch in the US a digital portfolio based on blockchain that facilitates the management of the payments that result from the use of the charging stations. Despite having partnered with Innogy, the digital portfolios that Oxygen aims to commercialize are designed and developed by another German company called Share & Charge. This is the blockchain company that will allow electric vehicle users (EVs) to make use of a simple, safe and efficient alternative to payments.
The Share & Charge platform requires the download of their application on a smartphone and registration of the vehicle. The user must transfer money to the digital wallet with Paypal or a credit card, and look for the closest charging stations to the route that follows, an option for which will have an interactive map. After arriving at the station and performing the energy charge, the costs will be invoiced automatically in the digital portfolio. This protocol was tested in Germany and is being adapted to the "parameters of the US market".
According to Oxygen Initiative founder and CEO Stephen G. Davis, the use of blockchain technology in electric cars is only beginning with solutions linked to payment mechanisms, but they hope to find other use cases for both electric vehicles and standalone vehicles. Davis also explains that there is a potential possibility for the Oxygen project to solve the problem of interoperability of electric vehicles caused by the difference between the types of cargo ports; This of reaching an agreement with the manufacturers of cars, something that would accelerate the adoption of the same ones.
For now, the company's vision is to change the way users recharge the energy of their cars, and that this is no longer conceived as a practice to perform at home, but anywhere with the help of protocols based on blockchain to facilitate payment. The goal is to make charging stations available in shops, parking lots, cafes or any day-to-day facility where the driver can spend a few minutes, building accordingly a comfortable environment for electric car enthusiasts and blockchain. Such an environment would not only be able to buy energy through the blockchain, but also the user would be able to sell surplus energy to the cargo ports. For this operation, a little more ambitious, the Innogy digital wallet would also be used.