Design of Blockchain and Smart Contract enabled Ride Sharing Platform

Abstract

The issue of traffic congestion and air pollution has emerged as a significant concern in contemporary metropolitan regions, demanding the implementation of inventive measures to mitigate these problems. Ride-sharing or Carpooling has emerged as a promising strategy to mitigate excessive traffic congestion while decreasing the per capita carbon footprint. Nevertheless, traditional carpooling systems have notable security and privacy concerns, such as susceptibility to cyber threats and the potential for car owners or carpooling platforms to exploit data. This paper presents a novel approach by incorporating blockchain technology into the carpooling network. Blockchain technology presents a resilient alternative for augmenting security and ensuring data integrity within ridesharing networks since it operates as a decentralised and tamperproof ledger. Additionally, it facilitates the optimisation of ride-sharing operations and the implementation of cost-sharing mechanisms via Smart Contracts. The paper outlines the smart contracts developed to enrol clients and drivers on the platform, facilitate ride-sharing, manage payments, and collect feedback. Additionally, a performance assessment was conducted on the efficacy of the aforementioned smart contract, and a thorough analysis of the outcomes was undertaken.