Decentralized Mechanism for Hiring the Smart Autonomous Vehicles Using Blockchain

Nowadays, technologies like Autonomous Vehicles (AVs) are influencing the ways of our traveling. This paper inspects closely the development of a decentralized blockchain-based mechanism for providing secure, reliable and real-time availability of AVs for the customers who want to do the ride. The AVs have many advanced control systems and sensors to detect a number of hurdles (unsafe design of vehicles, negligence of civilians, etc.) in the environment. Blockchain is a decentralized temper proof business protocol used to facilitate the users with transparent, reliable, secure and cost-effective solutions. The consensus mechanisms are used in blockchain for validation purposes. This paper uses the Proof ofWork consensus algorithm for the validation of Demand Response (DR) events. It provides the mechanism for real-time monitoring and real-time supervision to the ride of the end-user. Furthermore, it briefly specifies that the AVs working with blockchain mechanisms provides real-time traffic information to the end-user. The blockchain-based mechanism provides secure services to the end-user. It also provides the mechanism of Peer to Peer (P2P) car-sharing that removes the need for any bank or any reliable authority. The proposed system is proved in the Ethereum environment by DR events in the network. The simulations portray that our system is much cost-effective, efficient and reliable to meet the demands of customers.