Road Blockchain: A Blockchain-Based Intelligent Road Traffic Management System
Yifei Tong · Journal of intelligence and knowledge engineering. · 2024
Blockchain technology is an innovative technology based on distributed ledgers, featuring core characteristics such as immutability and transparency, thanks to its unique encryption and consensus mechanisms. This technology has been applied in various industries including finance, supply chain, and healthcare, effectively enhancing operational efficiency and security in these fields[1]. For instance, in finance, blockchain technology has been used to create safer payment systems and transparent transaction records; in supply chain management, it facilitates transparent tracking of goods and strengthens anti-counterfeiting measures; in healthcare, it ensures the security and privacy of medical records. This paper introduces a new concept, "Road Blockchain," which is an innovative method of applying blockchain technology to road traffic management. By integrating blockchain technology with road traffic systems, it enables real-time, immutable recording of traffic data. This not only optimizes traffic flow and reduces congestion but also significantly enhances road safety, for example, through real-time updates of traffic status and accident records. In this way, blockchain technology demonstrates its tremendous potential and innovative applications in the field of urban traffic management, offering new solutions for future smart city transportation systems.