E-Mobility and Blockchain-powered Electric Charging Solutions

4 min readJun 2, 2020

E-Mobility and Blockchain-powered Electric Charging Solutions

Electric vehicles are widely considered as the present and future of mobility. From Tesla’s cutting edge lightning-fast vehicles to electric-powered buses and trains, e-mobility is changing transportation unlike any other technology for the good of the environment. It also enables even faster commutes. One doesn’t need to own an electric to understand the importance of the project or eventually benefit from it as everything is expected to go electric in one form or another in the near future.

However, one nagging issue that remains with electric vehicles is the lack of effective electric charging infrastructure and its cost efficiency. While Tesla and other electric car manufacturers have increased the electric charging capability substantially over the years, it is still nowhere near the required numbers that would be needed to completely switch over to electric charging. Range anxiety is a real issue especially for longish travel and can become an even bigger hindrance if the current electric charging capacity gets overrun or the infrastructure doesn’t have the depth to help users undertake longer commutes. It is the need of the hour to help the charging network grow with the help of truly disruptive platforms. Solar energy is becoming cheaper and widely accessible more than ever and yet, we are nowhere near to harnessing its true potential.

Digital Technologies to help Spur E-Mobility?

Emerging digital technologies can be used very effectively to help promote efficient use of the current infrastructure. There are dozens of electric charging companies operating across the world with varying services being offered. There are already rudimentary services in place that help users get to the nearest electric charging station in addition to built-in navigational facilities available in most electric vehicles. Services like PlugShare are easy to use and can be relied upon. They allow electric car users to locate nearest charging stations and even map the route according to the location of charging stations.

But, with changing times and increased traffic times, the last thing users need is to wait in line hours and hours to charge their EVs. The same service can eventually be used with other equally disruptive propulsion technologies. Hydrogen Fuel Cell Electric Vehicles (HFCEVs) are expected to become more and more useful over the years especially when it comes to long-distance travelling and powering bigger vehicles like ships, trains and even airliners.

Please note that plug-in hybrids and basically any vehicle with an EV mode is also considered as an electric vehicle.

Introducing The Power Coin

The Power Coin Project (TPWR) is a new decentralized platform to power the electric charging world of tomorrow. The fundamental technologies in place right now are not enough to keep pace with the rapidly increasing requirements of the e-mobility sector.

Increasing Competition

The decentralized nature of blockchain technology is essential for the future development of the electric charging setup and further developments in EVs because it gives the industry a self-regulating ability and allows more and more people to become a part of the electric charging infrastructure and not just big charging companies alone. Any single user with surplus solar power can become a part of the movement and allow people to charge their vehicles. This is a very important and often neglected part of the whole EV movement as it need not be dominated by big electric charging corporations and banks alone. Regular users can benefit and contribute to it as effectively too so they need the means to become a part of it.

A Decentralized Charging Grid

The native Power Coin envisages a decentralized electric charging ecosystem that everyone can access. This liberalization of the sector is very much needed as it will empower the users to innovate and progress with lesser regulations and other people in the boardroom making all the decisions.

Pricing

Pricing is also another aspect that will benefit from The Power Coin ecosystem. Right now, the pricing is completely in control of corporations. With the new ecosystem, the TPWR will create competition among charging providers and help drive the price competitive. This is an extremely important need because the charging companies can currently change the price at will and often charge more in areas of exclusivity. Customers will also be granted freedom to choose the most affordable option in the vicinity thus keeping prices competitive.