Blockchain Application on Smart Transportation Systems
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2026-05-30
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Edition:Final Report: 2024-2026
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Abstract:Blockchain technology has recently emerged as a transformative innovation, offering decentralized and secure solutions that enhance transparency and efficiency across multiple industries. This research investigates the application of blockchain in urban transportation systems, focusing on the potential to unify payments across multiple transportation providers. A simulation platform was developed leveraging Ethereum smart contracts, Ganache, and Python to model decentralized transactions for MTA and Uber services. The simulation incorporates realistic features including multi-modal trip chaining, time-of-day demand patterns with surge pricing, and a utility-based discrete choice framework. A choice model compares rider behavior across transit modes and payment methods under varying cryptocurrency acceptance caps. Key metrics collected include transaction volumes, fare distributions, denial rates, and market-responsive crypto demand patterns. The findings demonstrate that provider crypto caps function as a payment-rationing mechanism rather than a demand-shaping tool, and that crypto demand is highly elastic with respect to market conditions. These results highlight the viability of blockchain technology for urban transportation payment systems and contribute to the growing research on smart city infrastructure.
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Main Document Checksum:urn:sha-512:33a69173a6eb9462c4c833b26ca10626ce9b4582041679b4abadb4b6c8278f3d808b82eab2161f0cdec1960c71d41779922ae671e87cf029d504e3ca104d5d5e
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