A Study on AI and Blockchain-Powered Smart Parking Models for Urban Mobility-Reference-Cited by-同舟云学术

A Study on AI and Blockchain-Powered Smart Parking Models for Urban Mobility

Published:2023-11-27 Issue: Volume: Page:223-250
ISSN:2327-0411
Container-title:Handbook of Research on AI and ML for Intelligent Machines and Systems
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Author:

Sundaramoorthy K.¹,Singh Ajeet²,Sumathy G.³,Maheshwari A.³,Arunarani A. R.³,Boopathi Sampath⁴^ORCID

Affiliation:

1. Department of Information Technology, Jerusalem College of Engineering, India

2. School of Computing Science and Engineering, VIT Bhopal University, India

3. Department of Computational Intelligence, SRM Institute of Science and Technology, India

4. Mechanical Engineering, Muthayammal Engineering College, India

Abstract

Urban problems like traffic jams and a lack of parking spaces can be solved in an innovative way with the help of smart parking models powered by AI and blockchain technology. These models enhance user experience, optimise space allocation, and shorten search times. Predictive analytics and real-time data from IoT sensors direct drivers to available parking spaces, minimising traffic and environmental impact. By protecting user privacy, controlling access, and securing transactions, blockchain technology improves AI. Users are empowered by blockchain-based decentralised digital identities, which also guarantee data privacy and transparent business dealings. With less traffic, more user happiness, and significant cost savings, this combination produces user-centric, environmentally friendly, and cost-effective smart parking solutions. The cost-benefit analysis for AI and blockchain-powered smart parking demonstrates a favourable return on investment, paving the way for smarter, greener cities and more interconnected urban settings.

Publisher

IGI Global

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