TY - JOUR
T1 - Tradable mobility permit with Bitcoin and Ethereum - A Blockchain application in transportation
AU - Bagloee, Saeed Asadi
AU - Tavana, Madjid
AU - Withers, Glenn
AU - Patriksson, Michael
AU - Asadi, Mohsen
PY - 2019
Y1 - 2019
N2 - Blockchain and its underlying technology have intrigued researchers with its promising applications and implications as “the second internetâ€. There is a wide range of Blockchain applications in transportation and logistics. In this paper, we present the basic principle of cryptocurrencies and Blockchain as well as Ethereum. This is followed by the potential applications of Blockchain in transportation, logistics, and supply chain industries in which the concept of a tradable mobility permit (TMP) to combat traffic congestion is formulated and numerically tested. We then discuss the deployment of the TMP scheme based on a Blockchain platform and its by-products such as dynamic toll pricing, priority for emergency vehicles, heavy truck platooning, as well as connected vehicles.
AB - Blockchain and its underlying technology have intrigued researchers with its promising applications and implications as “the second internetâ€. There is a wide range of Blockchain applications in transportation and logistics. In this paper, we present the basic principle of cryptocurrencies and Blockchain as well as Ethereum. This is followed by the potential applications of Blockchain in transportation, logistics, and supply chain industries in which the concept of a tradable mobility permit (TMP) to combat traffic congestion is formulated and numerically tested. We then discuss the deployment of the TMP scheme based on a Blockchain platform and its by-products such as dynamic toll pricing, priority for emergency vehicles, heavy truck platooning, as well as connected vehicles.
U2 - 10.1016/j.iot.2019.100103
DO - 10.1016/j.iot.2019.100103
M3 - Article
VL - 8
SP - 1
EP - 16
JO - Internet of Things
JF - Internet of Things
IS - 100103
ER -