Korean information security company Penta Security will launch a platform that leverages blockchain to collect, store, and share data on electric vehicle (EV) batteries. Until recently, the company had a stronger presence in security for web applications and data.
Batteries for electric vehicles account for the largest proportion of manufacturing costs and are also the source of most concerns regarding the shift towards electric cars. While electric vehicles do not have carbon emissions, the car batteries don’t last forever and are made of lithium, cobalt, and other minerals that need appropriate disposal and better recycling strategies.
While Penta’s blockchain solutions should help with battery recycling, Penta Security’s solution is more focused on data collection to improve the battery’s efficiency and, consequently, the electric vehicle as a whole.
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