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A Secure and Traceable Vehicles and Parts System Based on Blockchain and Smart Contract.

Chin-Ling Chen1,2, Zhi-Peng Zhu3, Ming Zhou3

  • 1School of Information Engineering, Changchun Sci-Tech University, Changchun 130600, China.

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Summary

This study introduces a blockchain-based system to combat auto fraud by tracking vehicle parts. The decentralized ledger and smart contracts enhance supply chain transparency and security, reducing accidents caused by counterfeit components.

Keywords:
asymmetry cryptographyautomation supply chainblockchainsmart contracttraceability

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Area of Science:

  • Automotive Engineering
  • Computer Science
  • Supply Chain Management

Background:

  • Increasing vehicle numbers lead to a rise in accidents caused by substandard auto parts.
  • Auto fraud is prevalent due to illegal parts and modifications, despite regulations.

Purpose of the Study:

  • To develop a decentralized supply chain system using blockchain technology to identify specific automotive parts.
  • To enhance transparency and security in the automotive supply chain to combat fraud.

Main Methods:

  • Utilizing blockchain's digital ledger and smart contract technology for a decentralized system.
  • Designing a framework based on user functions and part flow within the blockchain.
  • Implementing and analyzing communication protocols using symmetric and asymmetric cryptography.

Main Results:

  • The proposed system effectively identifies specific automotive parts within the supply chain.
  • Analysis shows the system's security properties and cost-effectiveness compared to existing methods.
  • The blockchain framework provides a robust solution for tracking and verifying auto parts.

Conclusions:

  • The blockchain-based system offers a viable solution to mitigate automobile fraud.
  • Enhanced supply chain integrity can significantly reduce accidents related to faulty parts.
  • This technology has the potential to revolutionize automotive part traceability and consumer safety.