Matteo Bonato, Rıza Demirer, Rangan Gupta, Abeeb Olaniran
This paper explores the role of mining activity, proxied by growth rates of electricity consumption and cost of mining, as a driver of pricing inefficiencies in Bitcoin. Utilizing alternative measures of crash risk proxied by the realized negative coefficient of skewness and realized down-to-up volatility, derived from 5-minute intraday Bitcoin data, causality tests, along with sign analysis, captured by the estimates of partial average derivatives, provide evidence that mining activity can, in general, predict an increase in the entire conditional distribution of crash risk, with the strongest impact associated over the normal (median) to moderately high (upper quantiles) levels of risk. Despite the emergence of cryptocurrencies in international transactions and as an investment vehicle, our results suggest that decentralized mining process can contribute to inefficiencies in the pricing of Bitcoin, putting further doubt into the role of these assets as a medium of exchange, alternative to conventional assets.
Autonomous vehicles (AVs), defined as vehicles capable of navigation and decision-making independent of human intervention, represent a revolutionary advancement in transportation technology. These vehicles operate by synthesizing an array of sophisticated technologies, including sensors, cameras, GPS, radar, light imaging detection and ranging (LiDAR), and advanced computing systems. These components work in concert to accurately perceive the vehicle’s environment, ensuring the capacity to make optimal decisions in real-time. At the heart of AV functionality lies the ability to facilitate intercommunication between vehicles and with critical road infrastructure—a characteristic that, while central to their efficacy, also renders them susceptible to cyber threats. The potential infiltration of these communication channels poses a severe threat, enabling the possibility of personal information theft or the introduction of malicious software that could compromise vehicle safety. This paper offers a comprehensive exploration of the current state of AV technology, particularly examining the intersection of autonomous vehicles and emotional intelligence. We delve into an extensive analysis of recent research on safety lapses and security vulnerabilities in autonomous vehicles, placing specific emphasis on the different types of cyber attacks to which they are susceptible. We further explore the various security solutions that have been proposed and implemented to address these threats. The discussion not only provides an overview of the existing challenges but also presents a pathway toward future research directions. This includes potential advancements in the AV field, the continued refinement of safety measures, and the development of more robust, resilient security mechanisms. Ultimately, this paper seeks to contribute to a deeper understanding of the safety and security landscape of autonomous vehicles, fostering discourse on the intricate balance between technological advancement and security in this rapidly evolving field.
The concept of smart cities has become prominent in modern metropolises due to the emergence of embedded and connected smart devices, systems, and technologies. They have enabled the connection of every "thing" to the Internet. Therefore, in the upcoming era of the Internet of Things, the Internet of Vehicles (IoV) will play a crucial role in newly developed smart cities. The IoV has the potential to solve various traffic and road safety problems effectively in order to prevent fatal crashes. However, a particular challenge in the IoV, especially in Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communications, is to ensure fast, secure transmission and accurate recording of the data. In order to overcome these challenges, this work is adapting Blockchain technology for real time application (RTA) to solve Vehicle-to-Everything (V2X) communications problems. Therefore, the main novelty of this paper is to develop a Blockchain-based IoT system in order to establish secure communication and create an entirely decentralized cloud computing platform. Moreover, the authors qualitatively tested the performance and resilience of the proposed system against common security attacks. Computational tests showed that the proposed solution solved the main challenges of Vehicle-to-X (V2X) communications such as security, centralization, and lack of privacy. In addition, it guaranteed an easy data exchange between different actors of intelligent transportation systems.
Private-ownership of roads in Nigeria is still at the deliberation stage. In other words roads (tarred and untarred) are owned by Federal, State and Local authorities in Nigeria. Most of these roads, however, share a common characteristic of being “unsafe at any speed”, at any time of the day. This is as a result of the low quality of the road components, structures and patterns. For example, road surfaces are undulating and rough. Also, the poor standard of road infrastructure like guard railings/barriers; pavement marking and signs; illumination levels, traffic signals, horizontal/vertical alignment and sight lines contribute largely to the increasing carnage on Nigerian road network. This trend persists because authorities in Nigeria have practically relegated to the background regular road safety audit operations. This is an inevitable aspect of modern methods of road administration and management, which determines a number of traffic potentials concerning highway high collision locations; protection of errant vehicles from light poles, trees, ditches, replacement of damaged and missing signs, street lighting, capacity and level of service analysis. Finally, this paper suggests commissioning of a National Road Research Fund, with a view to developing an efficient road safety audit operational system. Also, the introduction of private initiatives and a Community-based Approach in road administration, as well as decentralization of road administration framework at all levels, will greatly help “engineer out” potentially unsafe features across Nigerian roads, towards a better road traffic environment in the 21st century.