Peer to Peer Ridesharing using Blockchain Technology

Abstract

This study aims to bolster security and trust in ridesharing by leveraging blockchain technology. Employing blockchain, smart contracts, and simulations, the research focuses on facilitating transparent and secure transactions within the ridesharing ecosystem. The findings reveal a substantial enhancement in carpooling security and transparency, marking a transformative milestone for shared mobility. Through the integration of blockchain, this research pioneers novel approaches, ensuring the integrity of transactions and fostering trust between rideshare participants. The study's novelty lies in its introduction of unprecedented blockchain applications, reshaping the landscape of shared mobility. By establishing a secure foundation through blockchain and smart contracts, the research contributes to the evolution of ridesharing, emphasizing the potential for heightened security and trust in the increasingly interconnected world of shared transportation.