ITIC Validates Proof of Concept for Dynamic Electric Vehicle Charging

NetObjex Inc, an Irvine, CA based IoT-BlockChain platform company, in partnership with the International Transportation Innovation Center (ITIC), recently unveiled a proof of concept solution for dynamic electric vehicle wireless charging using the IOTA decentralized network and cryptocurrency.

The platform provides for decentralized universally unique identification of objects thereby enabling device Discovery, Authentication, Communication and Transactions.   The solution demonstrated how a car could drive on a lane dedicated for wireless EV charging while in motion, and provide for usage based billing. For this, the NetObjex platform integrated the IOTA decentralized network and used the transaction fee-less MIOTA cryptocurrency.

Click here to read the full press release.