WRC enables EVSE (Electric Vehicle Supply Equipment) owners to host charging stations without 3rd party involvement.
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A truly decentralized model will have various benefits that will be enjoyed as opposed to running a centralized system. What notable differences can be found between a centralized and a decentralized model of operation? A centralized exchange is a third party exchange that acts as a facilitator for transactions carried out between two parties on its platform. It actually improves convenience of trading because all activities are properly managed and controlled thus loss of funds during a transaction are minimal. Before a trade is initiated, the funds are held in an account before execution. A decentralized exchange on the other hand does not have a designated authority in charge. There is no single account that holds funds before market orders are executed. Rather, the platform itself acts as a mediator for matching orders directly on a peer-to-peer basis. Transactions are not kept in charge of a third party server and escrow costs and charges are eliminated.
Werenode is building an ecosystem to simplify the electric vehicle charging network development. The new EV charging standards like ISO15118 have been designed for advanced features like smart charge, smart plug or V2G. This current certificate approach with classical admin roles is leading to complicated interfaces management. We use the blockchain to produce the user and charging point certificates in a decentralized way, removing the need of an admin player. This agile process opens the path to the uberization of the charging point operation and wider and quicker deployment of charging infrastructure. We will commercialize our solution as an app allowing mainly two features 1/ to pay for ev charging 2/ to create your own charging point, allowing the user to share it easily. This app, already available in the app stores, will use the smart contracts we have developped to easily ensure payment and roaming. Hence our revenue flow will come from payment fees and owner subscription for services. Thanks to our simplified framework for the roaming management between charging point operators we will also be able to provide our services to mobility service providers.
Therefore, there will be instant payments in Fiat/Crypto traceable on the blockchain. Our project thus allows peer-to-peer recharging. The owner of a charging point can easily share his plug with other users by adding his charging point on our web platform.
This allows us to provide a marketplace for small charging station operators and to “uberize” the charging market. In addition, our web platform allows the simplified management of terminals. In the future, our solution will make pay-as-yougo for vehicle-to-vehicle charging possible, allowing some of its battery charge to be transferred with other users. This simple and efficient process paves the way for easier implementation of the new services associated with the charging of electric vehicles (Plug & Charge, Smart Charge, V2G, etc.) and for the connection with other innovative services, such as decarbonisation monitoring, guarantee of origin of electricity, etc .
Electric cars need charging points to charge their vehicle. But how to verify what car can charge at which chargingpoint and needs to pay what amount for the electricity charged? Werenodes simplifies the connection to the charging network and makes the data auditable and verifiable by use of the Tezos blockchain. This way anyone with an accessible charging point, can make it available and charge a small fee for people that use their charging point.
“If you have an accessible charging point with a connected plug, you just have to register your EV supply equipment on the Werenode app. You state the availability of the parking slot with this charging feature, check the internet connection of the plug and you are ready to help the other EV riders and earn some money in the process.”
Werenode has been working with Edukera, which is the development team that has created Archetype. Archetype is a smartcontract language on Tezos which allows formal verification, which is a formal way of providing proof that a smartcontract does what is has been designed to do. Formal verification is a methodology commonly used in mission-critical environments such as the aerospace, nuclear, and semiconductor industries. And within the blockchain space, formal verification is one of the unique selling points of Tezos. Besides formal verification, Werenode has chosen Tezos, due to the fact that Tezos uses Proof of Stake, which is far more energy efficient compared to Proof of Work. Also Tezos’ on-chain governance system is a quality that inspires confidence for long lasting functionality for Werenode on Tezos.
Werenode is founded by Dr. Benoît Maïsseu, general manager for Electric Vehicles at the Renault, Nissan, and Mitsubishi Alliance.
For more information
Website. https://werenode.com/
Telegram. https://t.me/joinchat/20948tdORW1hZTlk
Facebook. https://facebook.com/werenode
Twitter. https://twitter.com/werenode
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