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South Korea\u2019s Penta Security has announced that it is using distributed ledger technology (DLT) for the collection, storage, and sharing of data related to electric vehicles (EV). The firm says it’s collaborating with AutoCrypt to develop a platform that will promote the safety, efficiency, and environmental friendliness of electric vehicles.\u00a0<\/strong><\/p>\n While electric vehicles may hold the promise of a cleaner and greener environment, since they do not emit carbon monoxide and other greenhouse gases like regular vehicles that run on petrol, battery degradation, however, remains <\/span>one<\/span> of the major concerns for EVs.<\/span><\/p>\n Earlier in February 2021, <\/span>reports<\/span> emerged that Chinese authorities had summoned Elon Musk\u2019s Tesla, the world\u2019s leading EV maker for quality issues, which include battery fires and other problems.\u00a0<\/span><\/p>\n Now, per <\/span>sources<\/span> close to the latest development, Penta Security, a South Korean company that focuses on providing web, internet of things (IoT), and data security products, solutions, and services, is looking to adopt distributed ledger technology (<\/span>DLT<\/span>) for the collection, storage and sharing of EV batteries.<\/span><\/p>\n As highlighted above, batteries are a major component of EVs, as they determine the miles the vehicle can cover per time and they also account for the largest proportion of manufacturing costs of electric vehicles.<\/span><\/p>\n Penta Security has revealed that it has joined forces with AutoCrypt, a firm that claims to be focused on redefining mobility by providing comprehensive end-to-end security for transportation technologies, to develop a blockchain platform for accurate data collection of EV batteries.<\/span><\/p>\n Specifically, the team says the blockchain platform will be responsible for detecting abnormal behavior during the charging and discharging of EV batteries and promptly notify EV owners to enable them to take the necessary actions on time.<\/span><\/p>\nPenta Making EVs Better with Blockchain\u00a0<\/strong><\/h2>\n
Improving EV Battery Efficiency\u00a0<\/strong><\/h2>\n