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 journalArticlepeer-review

    31 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 languageEnglish
    Article number100103
    JournalInternet of Things (Netherlands)
    Volume8
    DOIs
    Publication statusPublished - Dec 2019

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