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Honda and GM join in smart grid and electric car research

Blockchain emerges as potential key to EVs stabilizing power supplies

GM and Honda are joining in a blockchain experiment that could lead to electric vehicles becoming revenue streams for their owners.

TOKYO -- Honda Motor and General Motors will join in a research project that could determine whether electric vehicles can be used to stabilize the supply of power in next-generation smart grids.

The partners want to develop ways to facilitate the retrieval of information, such as data that is exchanged between power grids and electric vehicles. Down the road, EV owners could earn fees by storing power in car batteries and exchanging it with the grid. This could end up giving EV owners an advantage as their vehicles become revenue streams.

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