Tracking and monitoring of vehicles and a stable and secure tolltax payment methodology based on blockchain enabled cryptocurrency E-wallets

ISSN: 22498958
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Abstract

The Automatic Toll Gate System is very useful for automatic vehicle tracking, time management and also for the automation of Toll gate. A customer’s electronic wallet pays directly to the tolling agency’s electronic wallet. Hence back office processing can eliminate payment processing and the transaction fee would not be required. When incorporating blockchain, it becomes a next-generation tolling network for both agency-to-agency national interoperability and cross-border interoperability. This paper describes the implementation of Toll Gate Automation which is a major step towards improvising the tracking and monitoring of vehicles travelling in preordained routes and makes secure and stable toll transactions based on blockchain. Blockchain based tolling exploits the Hyperledger Fabric’s private, secure channels and encryption. These protect transactions and customer data. This approach also possesses smart characteristics. It uses smart contracts to create digital interoperability rules. A smart contract is the encoding of sets of rules which govern how toll agencies operate and are stored on the blockchain. When known, these rules mean toll agencies can tailor their business approach for each organisation with which they interact: there is no need to conform to one consortium’s set of rules. A computerized system automatically identifies an approaching vehicle and records the vehicle number and time it passes. If the vehicle belongs to the authorized person or group, it automatically opens the Toll Gate and a predetermined amount is automatically deducted from its account. This is managed effectively and efficiently by RFID and Blockchain Technology.

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APA

Dayana, B. D., Krishnan, C. S., Patrick, C. S., & Venkateswaran, N. (2019). Tracking and monitoring of vehicles and a stable and secure tolltax payment methodology based on blockchain enabled cryptocurrency E-wallets. International Journal of Engineering and Advanced Technology, 8(4), 685–690.

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