Blockchain and IoT integration for smart transportation

Abstract

The safe transport of special and dangerous cargos is essential for the ecological environment and human health. Modern solutions are based on monitoring of the parameters of their transport with sensors in real time, which allows rapid response to unexpected events. Despite the information available from the sensors, the process of proving an insurance event and paying compensation is the same as for other insurances. This paper proposes a blockchain and IoT based model that chronologically records the data from the sensors located at the vehicle with goods, and the smart contract which sends timely signals to stakeholders (including the insurer) when the parameters of the sensors exceed the set thresholds. An experimental implementation on HyperLedger Fabric is presented, which proves the applicability of the proposed model.