Tradable mobility permit with Bitcoin and Ethereum – A Blockchain application in transportation

Saeed Asadi Bagloee; Madjid Tavana; Glenn Withers; Michael Patriksson; Mohsen Asadi

doi:10.1016/j.iot.2019.100103

Tradable mobility permit with Bitcoin and Ethereum – A Blockchain application in transportation

Saeed Asadi Bagloee, Madjid Tavana^*, Glenn Withers, Michael Patriksson, Mohsen Asadi

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

38 Citations (Scopus)

Abstract

Blockchain and its underlying technology have intrigued researchers with its promising applications and implications as “the second internet”. 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.

Original language	English
Article number	100103
Journal	Internet of Things (Netherlands)
Volume	8
DOIs	https://doi.org/10.1016/j.iot.2019.100103
Publication status	Published - Dec 2019

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title = "Tradable mobility permit with Bitcoin and Ethereum – A Blockchain application in transportation",

abstract = "Blockchain and its underlying technology have intrigued researchers with its promising applications and implications as “the second internet”. 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.",

keywords = "Bitcoin, Blockchain, Connected Vehicle, Ethereum, Tradable mobility permit",

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AU - Tavana, Madjid

AU - Withers, Glenn

AU - Patriksson, Michael

AU - Asadi, Mohsen

PY - 2019/12

Y1 - 2019/12

N2 - Blockchain and its underlying technology have intrigued researchers with its promising applications and implications as “the second internet”. 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 internet”. 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.

KW - Bitcoin

KW - Blockchain

KW - Connected Vehicle

KW - Ethereum

KW - Tradable mobility permit

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VL - 8

JO - Internet of Things (Netherlands)

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ER -

Tradable mobility permit with Bitcoin and Ethereum – A Blockchain application in transportation

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