Honda And GM to Research Smart Grid, Electric Car Interoperability With Blockchain Tech
Cointelegraph
Published May 20, 2019 03:13PM ET
Honda And GM to Research Smart Grid, Electric Car Interoperability With Blockchain Tech
Major automobile manufacturers Honda and General Motors (NYSE:GM) are jointly conducting research on electric vehicle and smart grid interoperability using blockchain tech, Japanese news outlet Nikkei reported on May 20.
As part of the project, Honda and GM will investigate whether electric vehicles can be used to stabilize the supply of energy in smart grids. Specifically, the companies intend to develop data retrieval methods between electric vehicles and smart grids, which will purportedly enable electric vehicles owners to earn fees from storing power in car batteries and exchanging it with the grid.
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Written By: Cointelegraph
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