The major opportunities of Blockchain for Automotive Industry: a Review

Abstract

In the last years, the Blockchain-based technologies have gained a huge interest from several industrial sectors, including the automotive. After the description of the concept and the main features of the blockchain technology, the paper gives a review of the car sharing applications and the blockchain applicability to this context. The possibility to implement the blockchain system with Self Sovereign Identity (SSI) opens new frontiers to guaranteeing the user identity security and the antitampering data storage. The Decentralized identifiers (DIDs) are created and exchanged between the issuer and the holder for car charging applications. The verifier is committed to verify the DIDs to ensure the correctness and the security of the exchanged data. They have a crucial role to prevent frauds and to manage security issues.