BlockBuster: A Blockchain-Based Public Self-Driving Car Rental Service
1Form 5, La Salle College, Kowloon, HKSAR (China)
2Form 4, La Salle College, Kowloon, HKSAR (China)
3Form 5, Queen's College, Hong Kong, HKSAR (China)
A Paper Submitted in Partial Fulfilment of the Requirements for IBCOL 2023
Sustainable Development Goals
Keywords
Abstract
While centralised public scooters and bicycle rental solutions have been thoroughly explored and created globally in the past few years, similar public rental services for self-driving cars have not yet been introduced on a large scale. The relatively higher financial risk involved - such as the cost of repairing damaged vehicles - meant that the statuses of the rented vehicles have to be monitored effectively and closely. The current flaws and limitations of centralised systems have proved to be obstacles for implementing such a service on a larger scale.
With the introduction of blockchain technology, many of the aforementioned risks and current problems with centralised systems can now be resolved. Some research papers(1) have already looked into the possibility of using blockchain in transportation, yet there has not been a comprehensive plan for making use of this technology in public rental services.
Our proposal aims to implement blockchain technology in this field in order to provide a public rental service for autonomous vehicles. In our solution, three blockchains will be used - one for transactions, one for vehicle status, and a final one for dealing with legal issues regarding vehicle misuse or damage. The use of blockchains to store the information would provide an extra layer of security, privacy and authenticity while the collection and processing of sensory data from vehicles would make determining the status of each vehicle and calculating costs more efficient.