TOLLBLOCKS AN ETHEREUM BASED TOLL PROCESSING SYSTEM USING BLOCKCHAIN
Ninad Manjaramkar, Snehal Naikare, Sumeet R. Patil, Vineet Shinde, Atul Pawar · Journal of Critical Reviews · 2020
Contracts are obligations that involve multiple parties and stakeholders. Road - Toll collection contracts have certain guidelines and rules for collection of toll tax from vehicles against the use of constructed roads. Representation of such rules for collection of toll taxes using a smart contract, which is a paradigm based on blockchain, will solve some of the drawbacks of current toll collection and management system. The proposed methodology uses the strengths of blockchain to propose a solution to the current toll tax collection system, by ensuring complete transparency between tax payers and collectors and also attempts to curb the malicious collection of taxes from commuters. Blockchain will enable a radical way of approaching transactions as compared to the traditional society approved method where trust is placed on a central third party to carry out transactions. The purpose of this paper is to provide a alternative method of processing toll tax transactions, using ethereum based smart contracts, written in solidity language, to transform traditional desktop applications into blockchain based web application, which perform better, consume lesser resources and are much more secure as compared to the current system.