Author(s)

Yuhao Zhang, Hong Zhou, Jiaqi Wu, Weiping Deng, Haibo Yi

Corresponding Author

Haibo Yi

Abstract

The Internet of Vehicles (IoV) is a concept that refers to the integration of various communication technologies and devices in vehicles, including sensors, GPS systems, wireless networks, and other data exchange mechanisms. The goal of IoV is to enable vehicles to communicate with each other, with infrastructure such as traffic lights and road signs, and with other stakeholders in the transportation ecosystem. In this paper, we propose a blockchain based IoV, which consists of several key components: A decentralized network of nodes that are connected to each other using blockchain technology. Self-executing contracts with the terms of the agreement written into code on the blockchain. Smart contracts can enable automated payment and other processes. Enables vehicles to communicate with each other directly, sharing data about their location, speed, and other relevant information. Enables vehicles to communicate with infrastructure such as traffic signals, road signs, toll booths and other systems to receive real-time information about traffic conditions, road hazards, and other relevant data. An efficient and secure system for managing and storing data related to transactions, vehicles, and other relevant information. A secure identity management system that ensures proper authentication and authorization of users and devices on the network. The process by which nodes in the network agree on the validity of new transactions and additions to the blockchain. The application prospects of blockchain-based vehicle networking technology are significant, including improved security and transparency, streamlined transactions, enhanced automation, and greater efficiency and sustainability in the transportation ecosystem.

Keywords

blockchain, Internet of Vehicles (IoV), GPS systems, identity management system