Introducing the World’s First IOTA Smart Charging Station

In line with yesterday's Earth Day celebration, we are featuring one cryptocurrency that has recently made a move towards a greener future: IOTA and the world's first IOTA smart charging station.

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Photo from the IOTA blog

Last Wednesday, ElaadNL, a smart charging infrastructure company in the Netherlands, teamed up with IOTA to create the first ever smart charging station that accepts payments in IOTA.

The charger is part of a test site located in the Arnhems Buiten Business Park in the Netherlands that houses all kinds of charging stations.

The IOTA charging station operates autonomously. According to the IOTA blog, no “back office” or “communication” protocols are required to operate it. Transactions are done directly without any cards or subscriptions.

Creditin the software and hardware development to Ton Smets, Klaas van Zuuren and Jesse Kerkhoven, the IOTA team sees this innovation as a perfect fit in this fully digitized world that could inspire other similar projects in various sectors, particularly the energy sector.

Charging a Car

The smart charging station has a hardware to set up a TCP/IP connection with a car. Transactions take place automatically and autonomously, machine 2 machine.

Cars that don’t have the required hardware and software to facilitate automatic, autonomous charging can still charge with the charging station by simply sending IOTA tokens to the charger via an IOTA wallet.

The station features:

  • kWh-based charging;
  • kWh measurement storage; and
  • an IOTA charging app

ElaadNL Managing Director Onoph Caron expressed how the partnership opens up doors for more DLT (Distributed Ledger Technology) innovations in the future:

“This charger shows the ability of using real machine to machine communications and micropayments, with the use of IOTA as a secure layer for these payments and data…DLT technology might become a widespread thing in the near future. Now we can explore and research its possibilities on our testing ground in Arnhem.”

IOTA Foundation Head of Mobility Alisa Maas believes that this project will pave the way for more adoption of IOTA in the mobility space:

“This solution demystifies IOTA’s potential to become the backbone for the Machine Economy.”

The IOTA smart charging station seen charging a mini Tesla | Photo from the IOTA blog

What is IOTA?

If you haven’t heard of IOTA yet, you’re not alone. But despite being a lesser-known cryptocurrency, it still managed to be in the top 10 cryptocurrencies at CoinMarketCap.com.

IOTA is a cryptocurrency made for the Internet of Things. It replaces the traditional blockchain with Tangle–a structure based on Directed Acyclic Graphs (DAG) technology–taking out blocks, chains, and miners. A more technical and in-depth explanation can be found on their blog here.

With the absence of miners–including the detrimental effects mining activities have on the environment–and the creation of smart charging stations, IOTA is a cryptocurrency truly worthy of this Earth day feature.

 

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