Echarge.work: blockchain supports E-Vehicle
The market of the EV (Electric Vehicle) is growing every year, Bloomberg reports that by 2040 the 54% of new cars will be EV. For this market, the main problem is still the infrastructure. In fact, the number of charging stations is limited and prevent a potential buyer to make the decision to enter the club of EV owners. Echarge is a startup company based in Zug (CH) that will roll out the charging stations in hotel parking lots. In this way, the customer can recharge the car while using the parking place. Echarge has designed the infrastructure has a smart-grid, therefore every EV can trade energy (buy/sell). The basic technology is the blockchain and its associated cryptocurrency (ECHG). Every customer uses an app to book the place and his/her wallet to “trade” energy. The first rollout will start in May 2018 at Dubai.