Emerging Blockchain Applications in Mobility

Abstract

Blockchain is one of the major technologies that are expected to disruptively change the entire mobility ecosystem. Through blockchain's synergies with artificial intelligence, services, internet of things (IoT), and connectivity, smart and connected mobility services are going to be enabled for the better. More environment friendly, safer, and affordable solutions are emerging, transforming mobility from sole vehicle ownership and related centralized data platforms to a multi-trillion-dollar novel applications ecosystem in a distributed environment with reliable identity and immutable time-stamped records. There is no single solution that can fit diverse areas of implementation with different needs. Moreover, blockchain solutions bring together a number of risks based on the implementation type. This chapter identifies the suitable blockchain types specific to potential use cases in the transforming mobility ecosystem. In addition to preferable blockchain types and consensus mechanisms based on application needs, related risks are discussed in detail.