Understanding Fusion of Internet of Vehicles with Blockchain : IoV and Blockchain

Abstract

Smart, autonomous, and roadside units that can communicate wirelessly make up the Internet of Vehicles, aiming to improve transportation services, reduce accidents and improve traffic efficiency. However, the security, privacy, and trust problems with the Internet of Vehicles are significant. With the advent of blockchain technology, services can now be decentralised for increased security without needing responsible third parties. With blockchain, the risks of single points of failure and other attacks are reduced, as well as the advantages of immutability and trustworthiness. In this paper, a brief introduction, advantages and security of the combination of blockchain and the Internet of Vehicles are discussed, and then an analysis is presented on how other technologies are necessary for the secure and efficient development of the network.