NetObjex Inc., an IoT-BlockChain platform company, in partnership with the International Transportation Innovation Center (ITIC) unveiled a proof of concept solution for dynamic electric vehicle wireless charging using the IOTA decentralized network and cryptocurrency. The announcement was made at ITS World Congress 2017.

The proof of concept solution involved the modeling of two digital assets—a car and the electric grid using the NetObjex platform—and leverages the Digital Twin concept that creates a digital rendition of a physical entity. The platform provides for decentralized universally unique identification of objects, thereby enabling device discovery, authentication, communication, and transactions. The solution demonstrates how a car could drive on a lane dedicated for wireless electric vehicle charging while in motion, and provide for usage based billing. For this, the NetObjex platform features an integrated IOTA decentralized network and uses the transaction fee-less MIOTA cryptocurrency. 

"The transportation ecosystem is going through massive disruption through the introduction of connected, automated, and semi-automated vehicles, as well as electric vehicles," stated Dr. Joachim Taiber, Chief Technology Officer for ITIC.

"This proof of concept highlights key issues such as inter-device communication across trust boundaries, and how that can be overcome through the use of decentralized networks. It also enabled us to explore last-mile communication options between devices, and how micropayments can be handled," said Raghu Bala, CEO of NetObjex.

The companies say that the solution highlights the complex interplay between multiple entities in the future of transportation and traffic management, and also provides key insights into how various dots need to be connected across this vast landscape to bring about solutions.