A Blockchain Reputation Management System for the Internet of Vehicles (IoVT) With Cryptocurrency-Based Recovery System

Abstract

Internet of Vehicular Things (IoVT), as a subset of the Internet of Things (IoT), enhances safety, traffic management, and driver experience by connecting vehicles and facilitating data exchange. Indeed, the implementation of IoVT comes with its fair share of challenges, which include transparent and secure service management, security, privacy preservation, and prevention of malware attacks. Researchers have proposed reputation-based systems, including blockchain-supported ones, as effective solutions to address the challenges in IoVT, offering benefits such as integrity, authenticity, transparency, and privacy preservation support. On the other hand, cryptocurrency offers several advantages, such as decentralization, enhanced security, and lower transaction costs, making it an effective form of payment that can bypass traditional intermediaries and facilitate fast and borderless transactions with greater financial privacy and control for users. In this paper, a blockchain-based reputation management system is proposed that can collect information about the surroundings from intelligent vehicles, convert that data into appropriate information, and make necessary decisions regarding reported incidents. A cryptocurrency-based recovery system allows defaulters to recover their missing points through the use of digital tokens or assets, providing them with a transparent and decentralized mechanism for restoring their lost value or reputation. The proposed method for the cryptocurrency-based recovery system is implemented and tested using virtual machines, specifically utilizing the Ethereum blockchain and smart contract programming as proof of concept to showcase the functionality and feasibility of the system. Additionally, the packet structure and the throughput are also demonstrated to prove the efficiency of the proposed method.