Tradable mobility permit with Bitcoin and Ethereum – A Blockchain application in transportation
Journal article, 2019

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.

Bitcoin

Connected Vehicle

Ethereum

Tradable mobility permit

Blockchain

Author

Saeed Asadi Bagloee

University of Melbourne

Madjid Tavana

La Salle University

Padernborn University

Glenn Withers

University of New South Wales at Australian Defence Force Academy

Australian National University

Michael Patriksson

Mathematics

Mohsen Asadi

University of Saskatchewan

Internet of Things (Netherlands)

25426605 (eISSN)

Vol. 8 100103

Subject Categories

Other Mechanical Engineering

Transport Systems and Logistics

Other Engineering and Technologies not elsewhere specified

DOI

10.1016/j.iot.2019.100103

More information

Latest update

9/27/2021