A San Francisco startup Oxygen Initiative in partnership with the $20 bln German energy company Innogy SE is introducing a Blockchain-based platform for drivers in the US.
Essentially, the Oxygen Initiative-Innogy SE joint Blockchain platform “Share&Charge” enables drivers to process virtually every operation related to clean energy-based automobiles. These include allowing drivers to share their charging stations, pay for tolls and charge electric cars.
According to the Oxygen Initiative founder and CEO Stephen G. Davis, Blockchain technology significantly reduces operating costs which were previously handled by Innogy SE when the corporation was using a centralized database overseen by its employees in a sequence of time-consuming manual processes.
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