ELECTRIC VEHICLE BLOCKCHAIN: PROBLEMS AND OPPORTUNITIES

Abstract

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