Design of a Vehicle Overspeed Management System Using Blockchain-Assisted IoV

The Internet of Vehicles (IoV) is a network of vehicles integrated with sensors, software, and intermediary technologies to connect and exchange data over the Internet according to predetermined standards. Traditional vehicular ad-hoc networks (VANET) have evolved into the Internet of Vehicles as a result of recent significant breakthroughs in the new but promising paradigm of the Internet of Things (IoT) and its fusion with cutting-edge wireless communication technology. Recent data shows traffic accidents are a big cause of concern. In recent years, speeding has been a factor in 60% of road accidents. Road transport must eventually transition to the Internet of Vehicles to solve this problem and many others related to road safety. With the help of the internet of vehicles, driving will significantly change. Blockchain secures the entire process of sharing information among IoVs and adds features like traceability, thus people can be confident that the system is secure and reliable. This paper highlights the problem that road transport in India is very unsafe, and put forward a proposed model of blockchain-assisted IoVs as a solution to tackle this issue.