VehicleChain: Decentralized Vehicle Information System
1Department of Computer Engineering, United International University, Dhaka, Bangladesh
A Paper Submitted in Partial Fulfilment of the Requirements for IBCOL 2023
Sustainable Development Goals
Keywords
Abstract
The global second-hand car sector is faced with difficulties related to an unclear and unreliable documenting and archiving approach. Stakeholders face a major obstacle due to a reliance on paper-based records that is problematic. The current vehicle information systems can be modified in order to generate and issue wrong messages since they rely on poor authentication mechanisms. Billions of dollars of fraud in the market for reconditioned automobiles go unnoticed annually, with a large number of victims among stakeholders. Therefore, our proposed solution centers on a vehicle information system using blockchain technology that is also termed a decentralized digital ledger, having no central authority or point of control. At present, most of the vehicle information systems that exist around the globe are frail and only deliver on two fronts, namely, efficiency and safety. The innovative method that we adopt secures the data and ensures authenticated record-keeping using blockchain platforms. This will also have a direct impact on the SDG goals, like Goal 9: Industry, Innovation and Infrastructure, Goal 11, and goal 13 as well. By Implementation, the process of handling the vehicles becomes more secure, reliable, and seamless, allowing quick identification of unintended problems.