South Korean EV charging infrastructure firm Gorae announced July 24 it will migrate usage and settlement data from more than 50,000 chargers onto the blockchain. The company chose Sui for processing payments and settlements for each charging session, and Walrus for storing verifiable records of charging time, volume, and revenue.
The rollout will happen in phases during the second half of 2026, working with major charging point operators in South Korea. Critically, the system plugs into the management platforms operators already use – no need to replace existing chargers or hardware.
Why move EV data on-chain? Right now, charging records are scattered across driver apps, operator systems, and power companies. Reconciling transactions between operators takes time. Investors struggle to verify how much a single charger is utilized or how profitable it is. Gorae’s solution stores all that on a public ledger, making it independently auditable.
"Millions of EV charging transactions take place every day around the world, but the related data has been difficult to verify independently," CEO Park Se-jin said in a statement. "We will turn usage records and revenue from chargers already in operation into verifiable digital assets."
For a crypto trading audience, this is a real-world use case for Sui and Walrus. Sui handles high-throughput payments – each charge session becomes a transaction. Walrus, a decentralized storage protocol built by the Sui team, provides tamper-proof records. The project effectively tokenizes operational data from physical infrastructure.
Gorae’s longer-term plan: after completing the on-chain conversion of South Korea’s EV network, it aims to expand into Asia-Pacific, Europe, and North America. That would multiply the number of chargers and transactions hitting Sui’s network.
The immediate catalyst for SUI holders is straightforward: more on-chain activity driven by real economic transactions, not speculation. Each charging settlement requires gas fees, and verifiable data storage rewards Walrus storage nodes. If Gorae hits its expansion targets, Sui could see a steady baseline of volume from a non-crypto sector.
Watch for the first phased rollout later this year and any operator announcements in South Korea. That will show whether the integration works at scale – and whether other infrastructure firms follow suit.
Gorae to put 50,000 EV charger records on blockchain for independent audits
Gorae will migrate data from over 50,000 EV chargers in South Korea onto the blockchain using Sui and Walrus to improve verification and payment processing. This phased rollout aims to create verifiable digital assets from usage and revenue data, with plans to expand internationally.