Rideshare Using Block-Chain

Abstract

This project proposes a blockchain-based framework from the existing centralized framework for a ride- sharing service and implements the same as a decentralized application based on smart contracts on Polygon Blockchain. A ridesharing system helps riders to reach a particular destination driven by the owner of the ride. Most services available in the market are centralized and hosted by a third party which gives them the authority to monitor features like fare calculation, user data, etc. Privacy and trust are major concerns in such a system. The purpose of our project is to make a decentralized application for ride sharing where all transactions, fare calculation, matching and information is stored on a Distributed Ledger. The ledger will be accessible to all the peers in the network. This will match users with rides in a decentralized way without relying on third parties of any centralized network which makes the system transparent and reliable. The data on blockchain is immutable. Hence, this technology is used to store rides and user information to maintain security and ensure user privacy. Finally, this project provides guidance for future research with the promising and important directions in blockchain-based ride-sharing services. Key Words: Blockchain; Peer to peer network; Security; Transactions; Ridesharing; Smart Contract; Polygon.