Resource Management for Blockchain-enabled Internet of Vehicles

Abstract

With the development of advanced information and communication technology, the Internet of Vehicles (IoV) has been designed to associate with implementing the Intelligent Transportation System (ITS). Meanwhile, the traditional centralized architecture of the cloud services no longer meets the increasing demand for data exchange in IoV. Moreover, the traditional centralized architecture for ITS is vulnerable to the single point of failure, and lack of flexibility due to its dependence on a trusted third party (TTP). The emergence of blockchain technology provides a potential direction to address these problems. However, there are still some problems existing in the construction of an efficient blockchain system in IoV. In this paper, we propose a resource management scheme that improves the performance of blockchain systems by efficiently allocating computing resources. A resource control method and a resource monitoring system are developed to cooperate with the system. The superiority of the proposed method is fully demonstrated by comparing it with the existing baseline method.