A Secure and Traceable Vehicles and Parts System Based on Blockchain and Smart Contract

Abstract

As society advances, so does the total number of vehicles on the road, creating a massive consumer market for automobiles. According to statistics, a major portion of today’s traffic difficulties are caused by accidents caused by subpar cars and auto parts. As a result, each country has, over time, enacted equivalent rules and regulations to prevent such tragedies. However, in the face of profit, some people are desperate enough to employ illegal parts and illegally modified cars, and auto fraud is rampant. As a result, we employ the blockchain of the symmetrical Blockchain’s digital ledger and smart contract technology to build a decentralized supply chain system that can identify specific parts. In this study, we design and discuss the proposed system framework by user functions and the flow of parts based on blockchain, and we discuss communication protocols that use the symmetry and asymmetry cryptography, algorithms, properties, and security of the mechanism while providing related analysis and comparing the properties and costs of the system with other studies. Overall, the proposed method has the potential to successfully address the issue of automobile fraud.