Journal article

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

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

INTERNET OF THINGS | ELSEVIER | Published : 2019

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, ..

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Grants

Awarded by Czech Science Foundation


Funding Acknowledgements

The authors would like to thank the anonymous reviewers and the editor for their insightful comments and suggestions. Dr. Madjid Tavana is grateful for the partial support he received from the Czech Science Foundation (GA.CR19-13946S) for this research.