SRP: A Sustainable Dynamic Ridesharing Platform Utilizing Blockchain Technology

Abstract

AbstractWith the growing carbon-di-oxide (CO2) emissions and road vehicles being responsible for almost 75% of the emissions, it is imperative to put in efforts to reduce CO2, especially in the transportation sector. Ridesharing services enable users to use cars more wisely by filling the vacant spaces with passengers having similar itineraries and time schedules. However, most of the ridesharing services are dependent on a third party for the interaction between the riders and drivers. Relying on a third party and central server can turn out to be expensive since a commission is charged by the third-party; risky since it is more prone to going down and malicious attacks; might not lead to the most appropriate matches; and in case the security of the service provider is not protected and jeopardized, there are high chances of the service being disturbed and the data of the users being disclosed or tampered with. This paper has proposed SRP-A sustainable ridesharing platform that replaces the third party/central server by Blockchain technology. This platform makes use of Blockchain’s capabilities such as consensus mechanism (Proof of Stake); smart contracts; and solvers, making the entire system more secure and less prone to attacks along with tackling the issue of excessive emissions of CO2 in the environment.KeywordsDynamic ridesharingBlockchain technologySustainability