EtherChain: Leveraging Ethereum Blockchain for Scalable and Secure IoV Systems

Abstract

The Internet of Vehicles (IoV) is rapidly evolving to provide high throughput, low bandwidth, and enhanced security for high-quality information transfer with minimal latency. However, before effectively adopting all these services, IoV faces various hurdles, including secure information sharing, tampering with information, and network overhead. IoV with blockchain provides substantial advantages for secure information sharing, tamper-proof storage of information, and efficient network administration. We propose EtherChain, a blockchain-based secure approach for IoV to provide information integrity, tamperproof distributed storage, and efficient network administration. EtherChain uses transaction validation, trust, and miner selection algorithms to verify transactions, manage trust between nodes, and select the miner to append the block to the blockchain. Following that, EtherChain compares security strength in terms of several forms of security attacks with other cutting-edge techniques, as well as performance outcomes in terms of throughput, cryptography operation time, and communication overhead. The research demonstrates that EtherChain outperforms state-of-the-art solutions in terms of performance and security.