International Research Journal of Engineering and Technology (IRJET)
e-ISSN: 2395-0056
Volume: 09 Issue: 05 | May 2022
p-ISSN: 2395-0072
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Decentralized Ridesharing System Using Blockchain Anushka Priya1, Ayush Chakladar2, Divij Bahl3, Devansh Baid4, Jayakumar K5 1234Student,
School of Computer Science and Engineering, VIT University, Tamil Nadu, India Professor, School of Computer Science and Engineering, VIT University, Tamil Nadu, India ---------------------------------------------------------------------***--------------------------------------------------------------------5Associate
Abstract - In today’s world, the practice of ridesharing has
aspects is the effective matching of riders to share rides and finding drivers for those riders [2]– [8].
been increasing steadily in popularity, moving outside of urban settings and into suburban and rural areas. Our proposed system aims to decentralize the ride-sharing system by maintaining the rider's trip and transaction details on the blockchain. Because the entire transaction would be publicly verifiable, trust issues would be minimum, and payment fraud issues will be easily checked and remedied. Due to the blockchain's anonymous nature, everyone’s identity will be kept confidential. As a result, security and privacy standards will be reinforced. The transaction will be visible, secure, and efficient as a result of the entire system. Although various systems and methodologies have been proposed to decentralize the ride-booking systems, the concepts have been mostly theoretical and lack proper practical implementation.
With blockchain technology on the rise, significant efforts are being made to incorporate this technology in the transportation sector. Meshkani [9] suggested an empirical ride sharing method where individual users can share their ride with only a single user. Lei [10] and Abbas [11] have suggested decentralized data management systems that are integrated with blockchain and IoT to provide better transparency, data sharing and tracking. Over the past few years, many attempts have been made to improve and better the existing ride-sharing and travel applications. According to a survey conducted in [12], blockchain technology and cryptocurrencies has the potential to dramatically change the working of the existing ride-sharing applications. [13] proposed a blockchain framework for connecting autonomous vehicles while [14] proposed further adding a credit based intelligent vehicle communication framework that includes biometric features.
Key Words: ridesharing, blockchain, privacy, security, transaction
1. INTRODUCTION The rise of digital technologies and cryptocurrencies over the past decade has brought significant changes in many industry sectors. The proposed decentralized ridesharing system is built on the Ethereum blockchain network. With most of the current ridesharing methods being controlled by central authorities and big corporations, there is a need for a decentralized system in public domain to make sure that ridesharing system becomes smoother. It’s also necessary to make sure that the privacy of the user is not compromised and the data is not hackable. Therefore, it is best to use a blockchain network to carry out all these transactions to make them verifiable in the public domain. In this way the data is also secured and at the same time verified by the public. Smart contracts can be deployed on the blockchain network to make sure that the integration takes place properly. It is crucial that smart contracts are used to ensure that transparency and confidence is established in the system. To understand the emergence of blockchain technologies in the transportation industry and the various efforts made to make the system decentralized several methods have been reviewed.
Wang [15] introduced a secure and privacy-preserving decentralized collection system of traffic information on the blockchain, TrafficChain, by taking advantage of edge computing. For making payments and transactions easier in blockchain, [16] proposed a Decentralized conditional Anonymous payment (DCAP) method as an alternative to traditional currency and transaction method, furthering the concept of a cashless economy. A similar effort was made by [17] to ensure that the third party services in the travel industry are eradicated and a transparent system based on using smart contracts and blockchain can be implemented. [18], [19] suggested using a decentralized application to share rides incorporating some privacy preserving algorithms to ensure more privacy to the users. Li [20] has also proposed a similar feature by proposing a blockchainenabled identity verification for safe ridesharing leveraging zero-knowledge proof. S. C. -K. Chau [21] sheds light on the principles of decentralized ride-sharing and vehicle-pooling mechanisms based on stable matching and showed how several fair costsharing mechanisms can achieve high social optimality. Taking this study further with practical implementation, this paper aims to create a decentralized ride-sharing system using blockchain.
2. LITERATURE REVIEW In today’s world, ride-sharing is becoming a popular mode of transport. [1] shows how ride-sharing can reduce traffic in a city to a great extent and potentially decrease the number of cars up to 31%. In ride-sharing, one of the most important
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