IOTA Feasibility and Perspectives for Enabling Vehicular Applications

Abstract

The emergence of distributed ledger technologies in the vehicular applications' arena is decisively contributing to their improvement and shaping of the public opinion about their future. The Tangle is a technology at its infancy, but showing enormous potential to become a key solution by addressing several of the blockchain's limitations. This paper focuses on the use of the Tangle to improve the security of both in-vehicle and off-vehicle functions in vehicular applications. To this end, key operational performance parameters are identified, evaluated and discussed with emphasis on their limitations and potential impact in future vehicular applications.