Key Takeaways
- charge.xyz has selected peaq, leveraging peaq’s layer-1 blockchain technology to develop a community-powered P2P electric vehicle (EV) charging network.
- The initiative focuses on creating a DePIN where EV charger owners can list their stations, set pricing, and control availability.
- By decentralizing the availability of EV chargers and reducing infrastructure fragmentation, this project aims to remove a significant barrier to EV adoption.
Electric vehicles are steadily gaining market share in the automotive industry, but the lack of sufficient charging stations remains a deterrent for many potential buyers. With millions of private and residential chargers available, charge.xyz aims to mobilize these resources by allowing charger owners to list their stations on the platform, set prices, and manage availability according to their preferences. To achieve this goal, charge.xyz has selected peaq as its layer-1 blockchain to create a decentralized peer-to-peer (P2P) network for EV charging.
Charge.xyz aims to release the 90% of the charging infrastructure that lays idle in the “backyards” and the big tech’s “walled gardens”, by enabling power to the people.
The initiative is currently in an advanced stage, with a proof-of-concept version of its decentralized application (dApp) already completed. The forthcoming steps involve launching a mobile app that will allow users to register their chargers and electric vehicles, facilitating an open and transparent marketplace for charging services.
The venture taps into the expertise of peaq, a layer-1 blockchain platform tailored for the seamless integration of real-world applications (DePINs) with blockchain technology. peaq boasts a robust foundation that powers over 450,000 devices, including vehicles and machines, across various industries. Its architecture is designed to offer a permissionless and borderless digital infrastructure, which is crucial for the decentralized operations of intelligent machines.
By leveraging peaq’s Modular DePIN Functions, charge.xyz plans to enhance its core architecture and business logic. This includes employing peaq IDs for identity verification within the network, developing smart contracts for key interactions, and utilizing peaq’s capabilities for payment processing and data storage.
The collaboration also explores potential synergies within peaq’s extensive ecosystem, which comprises over 25 DePINs and numerous enterprise partners. This network promises to provide a rich bedrock for further innovation and cross-collaboration in the decentralized machine economy.
Dominic Klopsch and Fabian Poehler, co-founders of charge.xyz, emphasized the transformative potential of decentralized charging networks in reducing infrastructure fragmentation and promoting a greener mobility paradigm. They believe that peaq’s technology and its comprehensive range of DePIN-specific functions make it the ideal blockchain platform for their initiative.
Leonard Dorlöchter, co-founder of peaq, emphasized the project’s potential to enhance the acceptance of electric vehicles through decentralized charging solutions.
According to Dorlöchter, this model not only addresses the pivotal issue of charger availability but also epitomizes a straightforward application of the burgeoning machine economy.
“Decentralized charging will greatly reduce fragmentation of charging infrastructure and solve a fundamental issue for electric vehicle adoption — charger availability,” Dorlöchter said in a statement.
As the project moves forward, the expected integration of additional community-driven features will further empower individuals to contribute to a sustainable automotive future, potentially setting a new standard for electric vehicle ecosystems worldwide.
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