Decentralized Payment Infrastructure for Electric Vehicle Charging via Blockchain and Smart Contracts

Abstract

<div class="section abstract"><div class="htmlview paragraph">As electric vehicles adoption becomes more common, power grid operators are facing new challenges in managing the unpredictable and varying energy demands in the existing electrical infrastructure. Moreover, the cost of Electric vehicle is high when compared to fuel vehicle it has limited access to charging infrastructure along with the driving range that act as a key barrier preventing the drivers from making shift to EVs. When the EV usage integrates with blockchain, it mitigates the limitation in charging station infrastructure along with the former problem discussed. The lack of trust exists between EV owners and charging station providers can be solved through secure and transparent payment processing possible by blockchain based smart contract. Building charging station on blockchain will ease the automated payment through the use of smart contract and create more efficient EV charging network. Also, the blockchain-based charging system would enable EV owners know if they are being charged in excess and Prosumer know if they are being underpaid. The high initial cost is another prominent issue within the market place. To address this issue the introduction of sharing economy to the EV industry showcases another innovative solution that blockchain offers. The blockchain enabled sharing economy platform allows individuals to access collaboratively with the prosumer and the consumer. This provides alternative to traditional ownership while reduces individual financial barriers and maximizing electric vehicle utilization across the network. The EV users have great opportunity worldwide to take a stake in the future of EV adoption on blockchain. Therefore, this work demonstrates the sharing economy while designing, building, and customizing smart contracts for prosumers and consumers by enabling decentralized payment systems. Our research aims to develop decentralized charging electronic payment systems using blockchain and customized smart contracts to build and design the application. For blockchain Solidity programming language is used. The application displays the charging process, payment system, and charging history information.</div></div>