A ELECTRIC VEHICLE BLOCKCHAIN: PROBLEMS AND OPPORTUNITIES

Abstract

These days, we are observing a very rapid spread of the electric vehicle
industry. This means a significant increase in the data and energy exchanged between
these vehicles. The existing centralized approach is less secure and more vulnerable
to data destruction and manipulation by intruders. Therefore, it became necessary to
search for an alternative that provides excellent protection for this massive amount
of data and energy. Although blockchain technology and cryptocurrencies are closely
associated, they also have many other potential applications in fields including energy
and sustainability, the Internet of Things (IoT), smart cities, smart mobility, and
more. In the Internet of Vehicles (IoV) idea, blockchain can provide security for
electric vehicle (EV) transactions, enabling electricity trading to be carried out in
a decentralized, transparent, and secure manner. . This paper will explain the use of
blockchain in this field and how it can handle the trade of transmitted and received
energy between electric vehicles. The advantages of using blockchain with electric
cars and how it can secure the transactions of energy trading will be shown too. A
group of researchers in this field and the challenges that face this technology in energy
trading will be discussed too; the studies will be looked at, and recommendations for
investments and security will be made. Additionally, the future implications of various
blockchain technologies will be highlighted.