Vehicle Registration and Information Management using Blockchain based Distributed Ledger from Bangladesh Perspective

Abstract

Blockchain (BC) technology has gathered tremendous attention to the academia and industry due to its transparency and security by design without involving the third party. Academia and industry have adapted Blockchain with the future smart network, and they have been utilizing it in several application areas, including crypto-currency, IoT, supply chain management, smart contracts, and other major distributed applications. Alongside the growth of the BC, researchers have recognized distributed ledger as a potential for information management across the shareable platforms. However, most of the organizations still use centralized management systems that are slower and risks-associated. Therefore, to address this issue, we propose a BC-based distributed ledger framework that is capable of maintaining a vehicle registration and information management system across platforms. Our proposed framework addresses the issues in the traditional paper-based management system and ensures the process to be faster and more transparent without the direct involvement of a third party. As the Government must have the supervision capability, we introduce the system with a hybrid architecture that not only makes the user experience better but also transparent at the same time.