Developing a Vehicle Networking Platform Based on Blockchain Technology

Siu Yeung Cho, Ningyuan Chen, Xiuping Hua

Research output: Chapter in Book/Conference proceedingConference contributionpeer-review

4 Citations (Scopus)

Abstract

Blockchain technology has been developing very rapidly through the entire world and is widely seen as one of the most disruptive forces in modern businesses. The applications of blockchain technology to the finance, insurance and automobile industries create extra values in innovation and motivation to the business. This paper is to describe the research and development work called iCarChain which is based on vehicle networking and blockchain technology, through distributed ledger, consensus mechanism, smart contract and other underlying architectures, using open and transparent value acquisition and an artificial intelligence based allocation algorithm to achieve value realization of data on vehicle and driving behavior. Each user (vehicle owner or driver) is referred to install an intelligent OBD device. The device captures the real-time data from vehicles to produce value identification. With such technology, the values of data acquisition and transparent can be transferred through the token carriers called iCarToken which is an incentive unit launched for users to contribute their behavior value, which is generated by blockchain and smart contract, and is gained through the value of contribution behavior.

Original languageEnglish
Title of host publicationBlockchain – ICBC 2019 - 2nd International Conference, Held as Part of the Services Conference Federation, SCF 2019, Proceedings
EditorsJames Joshi, Surya Nepal, Qi Zhang, Liang-Jie Zhang
PublisherSpringer Verlag
Pages186-201
Number of pages16
ISBN (Print)9783030234034
DOIs
Publication statusPublished - 2019
Event2nd International Conference on Blockchain, ICBC 2019, held as part of the Services Conference Federation, SCF 2019 - San Diego, United States
Duration: 25 Jun 201930 Jun 2019

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume11521 LNCS
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

Conference2nd International Conference on Blockchain, ICBC 2019, held as part of the Services Conference Federation, SCF 2019
Country/TerritoryUnited States
CitySan Diego
Period25/06/1930/06/19

Keywords

  • Artificial neural networks
  • Blockchain technology
  • Driving behaviour
  • Vehicle networking

ASJC Scopus subject areas

  • Theoretical Computer Science
  • Computer Science (all)

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