Abstract
Technological advancements in the transportation/automotive industry are continually increasing due to competition and consumer demands. The mobile open blockchain initiative (MOBI) is one way organizations are coming together to share innovating ways to revolutionize the transportation/automotive industry. This chapter explains the events that lead to the innovation of an open consortium, MOBI, and its members and highlights some of the cutting-edge technologies and innovative methods where blockchain is being adopted by the transportation/automotive industry.
TopThis section combines theory and technology to explain the recent state of the transportation industry, the use of blockchain and the velocity of MOBI. Over the past two decades, transportation has dramatically transformed with the advent of smart cars autonomous vehicles (AVs), and connected cars (Jeong, Youn, Jho & Shin, 2020). Furthermore, the mobility and innovation of transportation has also experienced tremendous growth and extensive research.
Originally, smart cars integrate global various type of innovated technology to enhance the driving experience. For example, global positioning systems (GPS) and geographical information systems to aid in vehicle navigation and location. Sensors aid with blind spots, braking, and many other vehicle safety measures. However, there is limited simultaneous integration with other public or private systems outside of the smart car. As a result, AVs emerge as they leveraged Mobility as a Service (MaaS) to gain a more completive advantage by using multiple public and private systems to feed information into the vehicle (Bothos et al., 2019; Jeong et al. 2020).
The work proposed by Li and Liu (2020) explored the existing literature on management of AVs. In their paper, the authors explain the importance of using real-time sensors and connecting with other systems. They caution the accuracy and security of the data.
More recently, Jeong et al. (2020) explored the connected cars because of their two-way communication network between the car and the connected data points throughout it’s entire infrastructure. They proposed a blockchain data marketplace model. This allowed for system security to be handled on- and off the chain via a data-owner attributed based encryption (DO-ABE). Thus, the data owner can better control their data.
Key Terms in this Chapter
Technology Sensors: Innovative technologies that can be placed upon products to allow real-time data interaction and collection.
Smart Contracts: A transaction protocol or program that allows for the auto tracking and execution of specific digital terms to be upheld throughout the transaction.
Distributed Storage: Networked computers in which every node interacts with each other to allocate and share the storage of the data.
Smart Products: Innovated digital technologies that allow the product to digitally interact and adapt to various triggers and environments.
Decentralized Network: Networked computers with multiple trustworthy nodes and subsets which aid in providing consensus of data.
Mobile Open Blockchain Initiative: New collaborative consortium with the goal of using blockchain to further enhance various sectors of the automobile industry.
On Block: Data on a blockchain that can be view but all parties involved or the public.
Centralized Network: A main computer on the network in which all devices and transactions are controlled.
Off Block: Data connected to a block on blockchain but, cannot be viewed by the public or others.