Blockchain Decentralized Transaction Settlement for EV Charging
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Solution Overview
Problem
Current electric vehicle charging station transaction settlement systems are centralized, limiting access to charging information for electricity distribution network managers and making it costly to implement subsidy rebate programs efficiently.
Innovation Solution
A decentralized transaction settlement and information distribution network using blockchain technology, allowing all participants to verify and share transaction information without a central authority, enabling real-time monitoring and facilitating rebate programs.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If a centralized transaction settlement system is used, then transaction processing is simplified through third-party agents, but access to charging information is limited and costs increase
Solution Approach 1:
The patent divides the centralized transaction settlement system into multiple independent blockchain nodes distributed across the network. Each participant (charging station, electricity distributor, rebate program) runs its own node, segmenting the central authority's functions across multiple entities. This segmentation enables broad access to charging information while distributing system complexity across independent nodes rather than concentrating it in a single centralized system.
2Productivity
If third-party transaction agents are used for settlement, then transaction processing is established, but implementation of rebate programs becomes costly and inefficient
Solution Approach 1:
The blockchain network enables participants to perform transaction settlement and rebate program management autonomously without relying on third-party transaction agents. Each participant's blockchain node independently verifies and processes transactions, and rebate programs are executed automatically through smart contracts or predefined rules on the blockchain. This self-service mechanism eliminates intermediary costs while maintaining settlement efficiency through distributed consensus.
3Ease of operation
If a decentralized blockchain network is implemented, then access to charging information is improved and costs are reduced, but system complexity increases
Solution Approach 1:
The patent implements a universal blockchain platform that serves multiple functions simultaneously: transaction settlement, information sharing, rebate program management, and network coordination. This multi-functional blockchain network reduces the need for separate specialized systems for each function, thereby managing overall system complexity while providing comprehensive access to charging information and enabling various operations through a single decentralized infrastructure.
Data Source
AI summary
Block chain based, decentralized transaction settlement systems and methods for wireless electric vehicle charging stations which enables real-time monitoring of electric vehicle charging demand for distribution system managers. The system is operable to enable easy implementation of rebate programs for electric vehicle owners, as well as charging station owners, and provides a secure, cost efficient, and transparent transaction settlement system using block chain software technology.