Blockchain Application for Rideshare Service

Abstract

This paper proposes a scheme to use blockchain technology for rideshare services. This paper replaces the centralized authority that matches drivers and riders, with block chain and a matching application that uses two types of coins, which encourages the drivers turning into miners. To evaluate the proposed system, this paper applies the proposed blockchain rideshare service to a case study to simulate and find the least matching probability to make drivers benefit from this system. Furthermore, this paper establishes a mathematical model of the stationary distribution of drivers and calculate the stationary profit of each driver in the blockchain rideshare system.