KAR Joins Blockchain Initiative

By Staff Writer May 28, 2019

KAR Auction Services Inc. announced its participation in the Mobility Open Blockchain Initiative (MOBI) Electric Vehicle Grid Integration (EVGI) working group alongside representatives from Accenture, GM and Honda.

MOBI is a member-driven consortium of smart mobility industry leaders exploring blockchain technology for use in the digital mobility ecosystem. Its EVGI working group will research the potential value of using blockchain technology and the logistics necessary to pilot peer-to-peer energy smart contracts, tokenized carbon credits, and vehicle-to-grid (V2G) energy storage and ancillary services.  

MOBI’s EVGI working group will explore smart contracts to help create a more transparent, conflict-free way to exchange money and property, research the use of blockchain digitized ledgers to track and manage carbon credits that off-set charging station setup costs and examine V2G energy storage solutions.

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Last modified on Friday, 07 June 2019 02:50

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