Bosch partners with EnBW for an Ethereum-based car charging station

Bosch,
a leading German engineering and electronics company, is making a
bold move in the world of blockchain. Through a partnership with
EnBW, a publicly listed electric utilities firm, Bosch is testing the
viability of connecting a car charging station to the Ethereum
blockchain to process payments.

The
engineering and electronics company has its eyes set on the future
which its CEO, Volkmar Denner, says will shift from just being
networked for communication purposes but also for building business
interdependencies.

Denner added:

“From
the internet of things to the economy of things. Distributed ledger
technologies such as blockchain may well become the key technology in
these domains. By merging the physical and digital realms, we are
making people’s everyday lives easier. In the future, things will
not just be connected in order to communicate; they will do business
together.”

With
the partnership, users will be able to choose where they want to
charge their cars depending on other services surrounding the
charging station; coffee shops, playgrounds, etc. Transactions will
be handled automatically on the Ethereum blockchain through the use
of smart contracts. Bosch and EnBW will make the process as
user-oriented as possible.

The two companies jointly observed:

“The
Ethereum platform allows such projects, including for example, in the
case of Bosch applications, the autonomous charging and paying EV.”

Apart
from charging, the blockchain-based car system will cater for parking
expenses.

“As
soon as the car reaches the entrance of the chosen parking garage, it
will identify itself at the entry barrier, which will then be raised
without the driver having to remove a ticket from the dispenser.
[When leaving]
, the vehicle will have already communicated with the
exit barrier and settled parking fee in a digital transaction.”

When
these happens, it will be a force to reckon with in the automotive
sector.

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