Blockchain-based Smart Contracts for Transportation Infrastructure Project Funding [supporting code]
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Blockchain-based Smart Contracts for Transportation Infrastructure Project Funding [supporting code]

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  • English
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    Details:

    • Alternative Title:
      BeaverFund: Blockchain-based Smart Contracts for Infrastructure Funding
    • Creators:
      Louis, Joseph
    • Corporate Creators:
    • Corporate Contributors:
    • Subject/TRT Terms:
    • Publication/ Report Number:
      2022-S-OSU-1
    • DOI:
    • Resource Type:
      Software
    • Geographical Coverage:
      United States
    • Corporate Publisher:
      Pacific Northwest Transportation Consortium (PacTrans) (UTC)
    • Abstract:
      The USDOT Strategic Plan highlights the importance of improving the mobility of people and goods through its focus on infrastructure. However, a significant portion of the transportation infrastructure in the United States–up to 173,000 miles and 45,000 bridges—is in poor condition, which causes a variety of mobility-related traffic concerns that are estimated to cost the taxpayer over $160 billion dollars per year. Much of the major transportation infrastructure projects that are funded with federal monies are typically executed through public-private partnerships (PPPs) in which a consortium of private contractors in partnership with relevant public agencies form a special-purpose project company. While PPPs are an effective means of sharing project risk across public and private entities for capital transportation projects, critics have noted that they suffer from disadvantages related to the complexity of project procurement and administration, susceptibility to cost and time overruns, and failure to account for uncertain events due to the long-term nature of the projects. This project investigated the use of decentralized financing methods enabled by blockchain technology to provide efficient and effective financial control for capital transportation infrastructure projects. This project created a prototype framework for the issuance of a “transportation infrastructure token” cryptocurrency to be issued by project owners (typically government agencies) for specific capital transportation assets. This cryptocurrency would provide a transparent and efficient means of funding and recovering costs from transportation infrastructure projects by using smart contracts for collecting tolls from the traveling public and issuing dividends to owners. The resulting prototype can serve as a template for use across multiple capital projects. It will also support non-traditional methods of financing such projects by making investments available to a wider and more diverse range of investors and enabling crowd-funding—thereby also increasing the equity of transportation funding mechanisms.

      No data was collected for this project, since it involved the development of a prototype cryptocurrency token for financing transportation infrastructure. The details of the project was provided in the report, and the github page for the project is https://github.com/jlouis2k4/cs46x-eth-smart-contracts-scaffolding. The total size of the coding project zip is 7.58 MB. The .cjs file extension is a Common JavaScript file that contains JavaScript Language source code. It is possible to open these files using any software that can open and view JavaScript, such as Visual Studio Code (for more information on .cjs files and software, please visit https://www.file-extensions.org/js-file-extension). File extension .gitignore is associated with Git, a version control system developed by Linus Torvalds for various platforms that can run on local machine also as server app. These .gitignore files are text configuration files used by Git used to determine which files and directories to ignore, before user make a commit (for more information on .gitignore files and software, please visit https://www.file-extensions.org/gitignore-file-extension). File extension .json is associated to JavaScript Object Notation file format, a lightweight, text-based, language-independent data interchange format. JSON defines a small set of formatting rules for the portable representation of structured data. It is used by various applications as alternative option to XML file format. The data in a json file are stored in simple text file format and the content is viewable in any simple text editor (for more information on .json files and software, please visit https://www.file-extensions.org/json-file-extension). The file extension .md is among others related to texts and source codes in Markdown markup language. Markdown is a lightweight markup language, to write using an easy-to-read, easy-to-write plain text format, then convert it to structurally valid XHTML (or HTML) (for more information on .md files and software, please visit https://www.file-extensions.org/md-file-extension). The .html file extension is mainly related to the Hypertext Markup Language that provides means to create structured documents by denoting structural semantics for text such as headings, paragraphs, lists, links, quotes and other items. It is the main language for writing web pages. HTML formats texts, tables, images, and other content that will be displayed on the page that can be viewed using any web browser (for more information on .html files and software, please visit https://www.file-extensions.org/html-file-extension). The file extension .js is generally mainly related to JavaScript scripting language and used for files that contain JavaScript language source code (for more information on .js files and software, please visit https://www.file-extensions.org/js-file-extension). The file extension .png is commonly used for images in Portable Network Graphics file format. PNG is a bitmap graphics format similar to GIF, that uses image compression mainly for web purposes (for more information on .png files and software, please visit https://www.file-extensions.org/png-file-extension). The .svg file extention is an vector image file format for both static and moving images. The format is based on the XML markup language (for more information on .svg files and software, please visit https://www.file-extensions.org/svg-file-extension). Cascading Style Sheets format is a file format used to format the look of html web pages. The files help keep the look of a webpage or webpages uniform (for more information on .css files and software, please visit https://www.file-extensions.org/css-file-extension). A .ts file is a Typescript file is an addition to JavaScript that adds static typing. TypeScript code converts to JavaScript, which runs anywhere JavaScript runs (for more information on .ts files and software, please visit https://www.typescriptlang.org/). A .tsx file is a TypeScript file similar to .ts files that allow for the writing of elements into JavasScript. These elements closely resemble HTML elements. These files allow the embedding of JSX elements into JavaScript files (for more information on .tsx files and software, please visit https://www.typescriptlang.org/docs/handbook/jsx.html).

    • Content Notes:
      National Transportation Library (NTL) Curation Note: As this dataset is preserved in a repository outside U.S. DOT control, as allowed by the U.S. DOT’s Public Access Plan (https://doi.org/10.21949/1503647) Section 7.4.2 Data, the NTL staff has performed NO additional curation actions on this dataset. The current level of dataset documentation is the responsibility of the dataset creator. NTL staff last accessed this dataset at its repository URL on 2024-01-17. If, in the future, you have trouble accessing this dataset at the host repository, please email NTLDataCurator@dot.gov describing your problem. NTL staff will do its best to assist you at that time.
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      ZIP
    • Funding:
      69A3551747110
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